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INFOLAWYER
INFOLAWYER, Attorney
Category: Business Law
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Experience:  LICENSED BUSINESS LAWYER
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We are setting a corporation. Is there any difference in being

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We are setting a corporation. Is there any difference in being the president, vice president or treasurer? What about the officer? If a corporation gets sued, Is there any difference of being the officer or the president?
Submitted: 7 years ago.
Category: Business Law
Expert:  INFOLAWYER replied 7 years ago.
You should all have director and officer insurance. Typically any lawsuit would be against corporation only for corporate conduct. Title often does not matter under shareholder agreements and bylaws outline role of each position.
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