Re: sole proprietors, what do you call yourself
by "Bob Webb" <bobwebb2(at)webbcounsel.com>
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Date: |
Fri, 9 Mar 2001 08:09:47 -0500 |
To: |
<hwg-business(at)hwg.org>, "Lynn Zelvin" <lzelvin(at)concentric.net> |
References: |
concentric |
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todo: View
Thread,
Original
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Call yourself CEO - its a common term for the chief executive oficer of a
business.
Any business, whether incorporated or not (e.g. partnership, limited
liability company, or sole proprietorship) may give any employee any job
title desired (including "President" "CEO" "Chairman" or anything else.
My clients using non-corporate forms of business frequently adopt
"corporate" style titles just so they use a title in the trade that "sounds
typical" Most states abolished the need for any specific corporate
officers when they implemented the Revised Model Business Corporation Act"
in the 80's. Virginia, my state, provides "A corporation shall have such
officers with such titles and duties as shall be stated in the bylaws or in
a resolution of the board of directors that is not inconsistent with the
bylaws and as may be necessary to enable it to execute documents that comply
with subsection F [legal filings]. You need to check the laws of the state
in which your entity is formed.
When submitting formal legal filings to a government agency, you need to
consult the appropriate regulations and make sure its signed by a person
with the requisite title.
You also don't want to give people titles which convey the impression of
authority that you don't want them to have. I.e. if you give someone the
title of CEO - they have apparent authority to sign significant contracts,
whereas an assistant secretary may not.
Bob Webb
www.webbcounsel.com
----- Original Message -----
From: "Lynn Zelvin" <lzelvin(at)concentric.net>
To: <hwg-business(at)hwg.org>
Sent: Thursday, March 08, 2001 12:21 PM
Subject: sole proprietors, what do you call yourself
> Hi,
>
> This is a small but ever-present question. As a sole proprietor of my own
> business, I feel rather pretentious calling myself the CEO, but the need
for
> a title keeps arising. What do others do?
>
> Lynn Zelvin
> lzelvin(at)concentric.net
> http://www.AeonAccess.com
>
>
>
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