McBride Law Blog

BLOG

Archive for 2014

Personal Liability of Business Owners (1)

December 16, 2014

This post focuses on personal liability that individuals may face as business owners of corporations and/or limited liability companies (“Businesses”). Liability may be imposed even though certain business entities by their type and nature are designed to protect owners from business debts and liabilities. However, by taking certain precautions business owners can avoid being held personally liable for acts and activities of the Business.

All postings are intended to be planning tools to familiarize readers with some of the high-level issues discussed therein. No posting is intended to be a comprehensive discussion and additional details should be discussed with your transaction planners including attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. This article should not be treated as legal advice to any person or entity.