What are Officers?
The officers are usually employees of the corporation and manage the business on a daily basis. They are responsible for duties outlined by the corporate bylaws. In a small corporation, the officers are usually the directors and the shareholders, who merely “wear different hats”. The owners of a small corporation do a lot of role playing because small corporations don’t exactly fit the corporate mold envisioned by the laws of many states. The president is usually the chairperson of the board as well.
Related Questions
- Many states allow officers to be excluded or have a minimum number of employees before I am required to buy Workers’ Compensation Insurance. Do these follow through to Longshore?
- Why does Ordinance No. 360 propose to change the "constitutional" officers to "charter" officers?
- Can FHA Approved Lenders use non-employees as Loan Officers?
