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.
Oregon Employment of Executive or General Manager in a Closely Held Corporate Business refers to the job opportunities and regulations surrounding the recruitment, hiring, and management of executive or general managers in closely held corporate businesses in the state of Oregon. Closely held corporate businesses are typically privately owned companies with a limited number of shareholders. Keywords: Oregon, employment, executive, general manager, closely held corporate business Types of Oregon Employment of Executive or General Manager in a Closely Held Corporate Business: 1. Executive Manager: An executive manager holds a high-ranking position in a closely held corporate business. They are responsible for the overall strategic planning, decision-making, and implementation of policies and procedures within the company. Their role includes overseeing all departments, managing budgets, and ensuring the company's profitability and growth. 2. General Manager: A general manager is responsible for managing the day-to-day operations of a closely held corporate business. They oversee various departments, such as finance, operations, human resources, and sales. The general manager ensures that the business functions efficiently, meets targets, and adheres to all legal and regulatory requirements. 3. Operations Manager: An operations manager is a specialized type of executive or general manager who focuses on overseeing the operational aspects of a company. They are responsible for improving operational efficiency, streamlining processes, managing resources, and ensuring smooth workflow. An operations manager plays a crucial role in implementing strategies to enhance productivity and reduce costs. 4. Sales Manager: A sales manager is responsible for leading a company's sales team and driving revenue growth. They develop sales strategies, set targets, monitor sales activities, and ensure customer satisfaction. Additionally, the sales manager may establish partnerships, negotiate contracts, and manage client relationships to expand the company's customer base. 5. Human Resources Manager: A human resources manager oversees all aspects of the HR function within a closely held corporate business. They handle employee recruitment, training, performance evaluations, benefits administration, and employee relations. The HR manager ensures compliance with labor laws, promotes a positive work environment, and supports employees' professional development. Employment Regulations in Oregon: Oregon has specific regulations governing employment practices, including the Employment Retaliations Act (ERA), which protects employees from retaliation for exercising their rights. The Oregon Family Leave Act (OKLA) provides eligible employees with protected leave for family-related reasons. Oregon also has a minimum wage law and strict regulations on overtime pay and breaks. Furthermore, the Oregon Bureau of Labor and Industries (BOLD) enforces workplace discrimination and harassment laws, ensuring fair and equitable treatment for all employees. Businesses in Oregon must comply with these laws when employing executive or general managers to mitigate legal risks and foster a positive work environment. In summary, Oregon Employment of Executive or General Manager in a Closely Held Corporate Business encompasses various positions within a privately-owned company. These roles require individuals adept at strategic planning, operational management, sales, and human resources. Adhering to Oregon's employment regulations is crucial for businesses to create a fair and legal work environment.
