A corporation whose shares are held by a single shareholder or a closely-knit group of shareholders (such as a family) is known as a close corporation. The shares of stock are not traded publicly. Many of these types of corporations are small firms that in the past would have been operated as a sole proprietorship or partner¬ship, but have been incorporated in order to obtain the advantages of limited liability or a tax benefit or both. This type of employment agreement might be in order for the chief operating officer of such a corporation.
New Hampshire Employment of Executive or General Manager in a Closely Held Corporate Business: Types and Detailed Description Executive or general managers play a crucial role in leading and managing closely held corporate businesses in New Hampshire. These professionals are responsible for overseeing the day-to-day operations, making key strategic decisions, and ensuring the overall success and growth of the company. This article provides a detailed description of the employment of executive or general manager positions in closely held corporate businesses in New Hampshire and highlights some different types of managers in this role. One type of executive or general manager commonly found in closely held corporate businesses in New Hampshire is the Chief Executive Officer (CEO). The CEO is the highest-ranking executive in the company and is responsible for setting the company's overall direction, developing strategies to achieve business goals, and managing relationships with key stakeholders. CEOs typically have extensive experience and knowledge in the industry in which the business operates. Another important type of manager in closely held corporate businesses is the Chief Operations Officer (COO). The COO is primarily responsible for overseeing the day-to-day operations of the business. They work closely with other senior executives to ensure efficient and effective execution of the company's operations, manage resources, and identify opportunities for improvement. They often play a critical role in translating the company's strategic goals into actionable plans. In addition to the CEO and COO, closely held corporate businesses may also employ General Managers (GMS) who oversee specific departments or business units within the organization. These GMS are responsible for managing the day-to-day activities of their respective departments, ensuring the achievement of departmental goals, and coordinating with other departments to ensure smooth operations. Common types of GMS include Sales Managers, Marketing Managers, Finance Managers, and Human Resources Managers, among others. Employment of executive or general managers in closely held corporate businesses in New Hampshire requires candidates with a strong understanding of business operations, leadership skills, and the ability to make sound decisions in rapidly changing environments. These professionals are often expected to possess excellent communication and interpersonal skills, as they need to collaborate with various stakeholders such as employees, customers, investors, and board members. In conclusion, the employment of executive or general managers in closely held corporate businesses in New Hampshire is crucial for effective decision-making, strategic planning, and efficient operations. These roles include positions such as the CEO, COO, and various types of GMS, each with specific responsibilities within the organization. The successful employment of these professionals is essential for achieving business objectives, driving growth, and maintaining a competitive edge in the market.
