How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask INFOLAWYER Your Own Question
Category: Business Law
Satisfied Customers: 56549
Type Your Business Law Question Here...
INFOLAWYER is online now
A new question is answered every 9 seconds

We are setting a corporation. Is there any difference in being

Resolved Question:

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.
INFOLAWYER and other Business Law Specialists are ready to help you