Who Am I? – The Accelerated Entrepreneur

"Who am I?"

I sent that question in an e-mail to Peer Segelke, a specialist in corporate and business law with LeClairRyan, the incorporator of my new member company of business accelerator VT KnowledgeWorks.

While I am an existential seeker, I meant "Who am I?" as a business question. 

Once my articles of incorporation have been filed with the Virginia State Corporation Commission, am I Blog Diva, Ms. Blog Diva, The Registered Agent, Director, President, or Chief Executive Officer?

To be honest, I’m not as interested in the legal as I am in the descriptive.  What’s most important to me right now?  What title do I send Lindsey Eversole, Member Services Manager of VT KnowledgeWorks, to put on the list of member company profiles?!

Peer Segelke replied:

"As far as titles, the most important thing to remember is depending on what you are doing you will wear a different hat and have a different title.  So if you are signing a Board of Director’s Consent, you are acting as a ‘Director.’  If you are signing a contract you are executing it as ‘President’ (btw, we can also include the title CEO if you prefer).  Whenever you sign Board of Director’s Minutes (I will explain the difference) then you sign as ‘Secretary.’

This is the most common mistake a new business makes, especially when one person has all these roles.   It will take a couple of months of doing it for it to begin to make more sense.  Once the Articles are filed and you have reviewed the internal company documents, we will meet for you to execute all the internal documents.  At that time I will walk you through the process of when to sign what and some common mistakes to avoid.  And always feel free to ask me questions–this is like speaking a new language.

For the general purposes of answering ‘Who am I?’?

Depends on who your audience is.

But legally, you do not have any title because the company hasn’t been set up yet.  Any actions that you do right now on behalf of the company you would be personally liable for regardless if you titled yourself ‘President’ or ‘CEO.’

Once the Company is formed and we have drafted the internal documents (which establish the officers–President, Secretary, and Treasurer), then you can use these titles (and I would recommend on most communication putting President–or CEO if we have specifically created the position).  But remember it depends on your audience and the hat you are wearing (b/c the President runs the day-to-day operations of the Company it would be the most common title for most of your communication).

For now, you are ‘Blog Diva’."

Ack!  "Personally liable"?!

Ah.  "I will walk you through…"

Blog Diva loves that sentence.

For now, I am Blog Diva.

LeClairRyan is an entrepreneurial law firm that provides business counsel and client representation in matters of corporate law and high-stakes litigation. LeClairRyan is a corporate sponsor of business acceleration center VT KnowledgeWorks.

Comments

  1. Blog Diva –

    Peer's top of his class, isn't he? I had the opportunity to meet him a few years ago when he moved to the area, he'll treat you right. Good choice, Madam President!

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