Is your corporation the liability shield you think it is? Time and again, company officers and directors are held personally liable for their corporation’s obligations. There are a number of things your corporation must do to insulate and protect its owners against personal liability. Do you know what they are?
The importance of ongoing good housekeeping in the business entity can’t be overemphasized, particularly when trying to limit personal liability. Problems often arise among the shareholders, between generations of family members owning interests, or with business creditors and taxing authorities. These are problems that can be avoided by tending to basic organizational mechanics and the implementation of loss prevention strategies. We offer several cost-efficient programs designed to regularly update your corporate records and keep them easily accessible when you need them.
For more information on our membership programs, please contact us at Donald L. Sadowski, PC, Business Attorney & Estate Planning Lawyer.