Corporate Organization

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Who Does What in a Corporation?   Shareholders Directors Officers Legally Required Appoint directors; approve fundamental changes Declare dividends; choose and delegate authority to officers; manage corporate affairs Run the day-to-day affairs of the corporation Typical Corp Buy and sell shares; vote via proxy Ratify decisions of officers Oversee proxy votes and the selection of directors Closely Held* All three roles are typically filled by the same people * Closely Held Corporations: Typically these are Close Corporations and S Corporations. Most businesses are closely held. Disclaimer - Not Providing Legal Services - Proactive Management, Inc. presents the material on this site as general information only. It is not offered as and does not constitute legal advice or legal opinion and should not serve as a substitute for advice from an attorney or accountant familiar with the facts of your specific situation. We provide business formation services. We are not a law firm and do not provide legal or tax advice or services. We make no warranty, express or implied, concerning the accuracy or reliability of the content at this site or at other sites to which we link.