Legal Question in Business Law in Illinois
corporate office liability
is there any financial liability of a corporate officer signing payroll checks
Asked on 3/20/07, 3:08 pm
2 Answers from Attorneys
Noelle Ansley
Noelle Ansley
Re: corporate office liability
What do you mean by financial liability? On the part of the company or the officer?
Answered on 3/20/07, 3:18 pm
Re: corporate office liability
Generally, no personal liability if the corporate formalities have been followed and there are no personal guarantees.
Answered on 3/20/07, 6:22 pm
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