Executive Officers of a Corporation and Premium Calculation

May 26th, 2011
Many small companies doing business as a corporation are confused about the guidelines established by the California Workers’ Compensation Insurance Rating Bureau regarding Executive Officers. “Executive Officers” means those officers of a corporation or limited liability company commonly known as President, Vice President, Secretary, and Treasurer.

I've seen the following situation occur with small corporations that also employ family members:   The owner of the corporation will declare a fa...

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