Business Title Question - Exposure to Litigation
What is the name of your state (only U.S. law)? California
I am planning to join a small start-up (S-Corporation) located in CA (where it will derive most, if not all, of its revenue) and incorporated in NV. While I don't anticipate the company to be sued, I am worried about protecting my personal assets if it were to occur.
Right now, I would be brought on as the CFO and Head of Business Development. The company does not have D&O insurance, so I'm wondering if VP of Finance and Head of Business Development would be a better title arrangement for me.
My question is would the latter prevent me from being listed as a director/officer of the company and thus have my personal assets protected from litigation against the company? And, if not, do any of you have a suggestion on how to better handle the titles.
Thanks in advance!
What is the name of your state (only U.S. law)? California
I am planning to join a small start-up (S-Corporation) located in CA (where it will derive most, if not all, of its revenue) and incorporated in NV. While I don't anticipate the company to be sued, I am worried about protecting my personal assets if it were to occur.
Right now, I would be brought on as the CFO and Head of Business Development. The company does not have D&O insurance, so I'm wondering if VP of Finance and Head of Business Development would be a better title arrangement for me.
My question is would the latter prevent me from being listed as a director/officer of the company and thus have my personal assets protected from litigation against the company? And, if not, do any of you have a suggestion on how to better handle the titles.
Thanks in advance!
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