The Importance of a Secondary Officer

Backup plan

While not the most pleasant topic for a business owner to think about - you need to. It's imperative that you have a "back-up" plan for your corporation. Every corporation should have a second officer on record so that if the owner passes away or becomes incapacitated in some way, the second officer can sign tax returns and other important documents. Without a second officer on record, all tax returns and business matters are held up. For these reasons, there also needs to be a second signer on business bank accounts and a second trustee on retirement plans.

Please talk to your PPG Partners CPA or Staff Accountant about getting a second officer/signer/trustee set up as soon as possible.

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