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S Corporation Employees, Shareholders and Corporate Officers

    https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-and-corporate-officers
    The definition of an employee for FICA (Federal Insurance Contributions Act), FUTA (Federal Unemployment Tax Act) and federal income tax withholding under the Internal Revenue Code include corporate officers. When corporate officers perform a service for the corporation and receive or are entitled to payments, those payments are considered wages. The fact that an officer is also a shareholder does not …

Corporation vs. Officer vs. Owner Legal Beagle

    https://legalbeagle.com/12719311-corporation-vs-officer-vs-owner.html
    A business that operates as a corporation generally drafts bylaws – a document that governs all aspects of the company. Commonly, the bylaws will provide the limitations on the type of transactions the corporation can engage in, the rights of owners, the role of the board of directors and how the business will be managed by officers.

Am I a Business Owner or an Employee?

    https://www.thebalancesmb.com/am-i-an-owner-or-an-employee-of-my-business-397913
    Apr 30, 2020 · Business owners don't get a paycheck or pay taxes as an employee unless they do work as an employee in addition to their business ownership. As a business owner (except for corporate shareholders) you aren't taxed on the money you take out of the business. You are taxed on the net income (profits) of your business. Shareholders of a corporation ...

Directors and Officers: Understanding the Roles of ...

    https://www.score.org/blog/directors-and-officers-understanding-roles-corporate-management
    Jul 10, 2019 · Roles of Corporate Officers. Corporate officers are elected by the board of directors. Their job is to manage the daily activities of the corporation. Officers can sit on the board of directors. In fact, it is common for the CEO to also be a director. There are three significant officer roles:

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