Further, officers are employees of the corporation and typically receive a salary in exchange for their efforts.

Officers include the president or chief executive officer, the chief financial officer or treasurer, and the chief operating officer. A corporation is typically run by three or more corporate officers, such as a president, treasurer and chief financial officer.

Commonly, and by law in many states, a corporation will have at least three officers: (1) a president, (2) a treasurer or chief financial officer, and (3) a secretary.

Officers do not have to be shareholders or directors, but they can be.


Officers are responsible for the management and day-to-day operations of a corporation, and are appointed by the board of directors.Each state’s corporation statute will specify the officer positions that must be filled by each corporation.
Officers are usually appointed by the corporation's board of directors, and while specific positions may vary from one corporation to another, typical corporate officers include: Chief Executive Officer (CEO) or President . A corporation is a legally defined type of business organization with bylaws, shareholders, incorporation papers and legal protections.

The fact that an officer is also a shareholder does not change this requirement. These individuals will guide the corporation through startup and operations, and they have overall responsibility for the operation of the corporation.

When corporate officers perform a service for the corporation and receive or are entitled to payments, those payments are considered wages. Courts have consistently held S corporation officers/shareholders who provide more than minor services to their corporation … The officers of a corporation are responsible for its management and day to day operation. The top three corporate officers are the president/chairman of the board, corporate treasurer, and corporate secretary, and we will focus on these individuals. Such payments to the corporate officer are treated as wages.

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