Like Bill Gates, for example.
Or, better yet, Dave O’Reilly of Chevron. Or any one of those guys.
Are they employees, legally, and in the same sense that I am?
Just wondering. 
Peace,
mangeorge
If he is paid by the company, he is an employee.
I guess it is just that simple, isn’t it. I have trouble identifying with that.
So everybody involved in the company is an employee. Except the stockholders who aren’t employees of course. The Board, too.
So even in a small business, if incorporated, the sole owner is an employee?
Weird.
In 1995 the division I worked in had slightly over 200 workers, most pretty well paid. That same year the CEO made more than all of us combined. Much more. A real valuable guy. He’s dead now.
We all rot, eventually, don’t we. Don’t know why that make’s me feel better.
I’m not even sure why this is wafting around in my mind. Gettin’ old.
Peace,
mangeorge
The owner of a business is not necessarily an employee. The owner can choose to self-pay a salary or wage, or not. The owner can take the profits of a business without being on the payroll.
Really, yojimboguy? Even if it’s incorporated? Didn’t know that. Kind of a technicality, isn’t it? How the owner works it probably depend’s on tax laws, I assume.
Here’s an IRS web page stating one type of business structure, a partnership, in which the partners are not employees. There are several other structures as well, I believe.
Thanks, yojimboguy. Very informative link. Nice and short.
So, in general, owners of proprietorships and partnerships are not emolyees but those who draw an income from corporations and the rest are.
Now I see why these people usually hire lawyers. It’s not simply tax issues, but liabilities too.
Peace,
mangeorge