Legal Question in Business Law in California
Non-employee officers permissible for a CA corporation
Must officers of a California corporation be employees of the corporation (or an affiliated corporation)? I know that directors need not be, but I see no law with respect to officers in this regard.
2 Answers from Attorneys
Re: Non-employee officers permissible for a CA corporation
This response assumes you are a California Corporation doing business in California. Generally, most of the time officers of the corporation are employed by the corporation. However, with very few exceptions, an officer of a California corporation need not be an employee of that corporation. I would suggest you consider sitting down with a local, experienced TRANSACTIONAL business attorney to explore more fully, the intracies of that man-made creature known as a "corporation".
Re: Non-employee officers permissible for a CA corporation
Officers of a corporation, i.e., President-CEO, VPs, Treaurer-CFO, are employees simply by virtue of their functions and positions. Accordingly I think the answer to your question has to be yes.
But, if you're asking if employee-officers must be residents of the California in order to be legally appointed to those positions, no. I'm not aware of any residency requirement for officers of for-profit corporations.
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