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Board Directors Officers Form

Board Directors Officers Form

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Instructions and help about Board Directors Officers

One of the areas that tend to confuse a lot of owners of small business corporations is the difference between shareholders, Board of Directors, and officers. It's important to know that when you're running a small business corporation you wear very distinct and different hats. Okay? So the basic difference is this: the shareholders are the owners of the company so they're the people that when the company gets sold, they sell it at a profit or they sell it at a loss. But that's really their role in life is that it's just one of ownership. The shareholders will then elect a Board of Directors. The Board of Directors are the guys who basically set the vision for the company. Okay? And then the officers are the people that are charged with running the company on a day-to-day basis and making sure that they follow the direction of the board, and they're accountable to the board, and then the board are accountable to the shareholders. Now, the

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