Structure of Corporation

Question 1

What are the 3 parties in a corporation?

Answer 1

Directors
Officers
Shareholder

Question 2

What do Director’s do?

Answer 2

Sit on the board of directors and are responsible for governing the corp

**oversee the management

Question 3

What do Officers do?

Answer 3

serve as agents of the corp. and manage day-to-day matter of the corp.

**CEO, COO, CFO; manage the corporation day to day under the oversight of the board of directors

Question 4

What do Shareholders do?

Answer 4

Own the corp. and generally do not have control over management