Topic: personal liability

Small Business Bankruptcy: Who Is Responsible for the Debt?

Who is responsible for paying the company debt if, alas, my small business simply cannot sustain itself and I am forced to declare bankruptcy? It’s an oft-asked question – and the answer depends on a couple of moving parts. From bankruptcy lawyers on JD Supra, consider the following: – You are responsible if you’ve personally… Read more »

Piercing the Corporate Veil: How to Avoid Personal Liability in Business

Here’s a look at what JD Supra lawyers are writing about how to avoid personal liability in the way you run your business. These overview articles introduce some of the best practices to avoid personal liability in business – and touch upon topics such “piercing the corporate veil” among others: – Protect Your Business Structure… Read more »