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9.0

President, treasurer and secretary - company in US

Asked by Delphi_developer in Business Travel

Tags: Business, company start-up, US

Hi

I'm not sure if EE is the right place to ask, but here we go:

we will be starting a company, in Florida, and there are 4 of us. We will all be owners, shareholders. We were told we need to appoint president, treasurer and secretary. But I have no idea what any of these roles include. The internet is full of suggestion of what they are supposed to do, but I'm more interested in legal responsibilities, who can/need to sign which papers and who can't do that. Who can and who can't sign bank papers, who can and who can't sign other company's legal papers...

OR all these roles can do everything, in terms of banks, lawyers, registrations (if any is needed), documentations, legal papers...

I don't know how to decide which one of us to appoint to which role. We do have different percentages of the company, 40,30,20,10, but we will all work and have our own duties regarding the project. We will not have any other employees.

Please, if someone can describe the most important differences between these roles.

Thank you
 
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[+][-]06/17/09 01:02 PM, ID: 24651976Accepted Solution

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About this solution

Zone: Business Travel
Tags: Business, company start-up, US
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Solution Provided By: solutiontiger
Participating Experts: 1
Solution Grade: A
 
[+][-]06/18/09 01:10 AM, ID: 24655347Author Comment

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[+][-]06/18/09 03:17 AM, ID: 24655979Expert Comment

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[+][-]06/19/09 08:40 AM, ID: 24667351Expert Comment

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[+][-]06/19/09 09:42 AM, ID: 24667940Author Comment

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