Do all s corps require you to have shares, board of directors and annual meetings. I work for a very small software development firm (right passed a start-up, we actually have good stable income) and my boss says we have an S-Corp structure. Since he is the only one in charge and we are so small I have concerns about what would happen if he were to die, who would take over and what would happen. I am only an employee (Chief Technology Officer) and have put a lot of effort into this business with the promises of it paying off one day. As an employee can I have shares in this company and some sort of job security in case this happens? Is there any kind of s corp that does not have shares and a board of directors?