Does a Corporate Officer Need to Be Given an Employment Contract?
Full Question:
Answer:
The Articles of Incorporation is a document that must be filed with a state in order to incorporate. Information typically required to be included are the name and address of the corporation, its general purpose and the number and type of shares of stock to be issued. A corporation must have bylaws, although states generally do not require that corporations file the bylaws with the secretary of state. Bylaws are rules that dictate how the corporation is going to be run, including rules regarding the hiring of corporate officers, directors, and shareholders. A resolution is typically passed after a vote by the board of directors. Generally, a corporate officer is not required to be given an employment contract unless the governing bylaws or resolutions require it. I suggest reading the bylaws, resolutions, and minutes regarding the hiring to determine the proper procedure to be followed regarding issuance of an employment contract.
