Legal Question in Business Law in Texas

If i own a "S corporation" and have cars under the corporation name, if i get into a wreck caused by me, can i be personally sued?, even though i have personal insurance.


Asked on 1/03/10, 7:57 pm

2 Answers from Attorneys
Darrel Behring Darrel D. Behring, PC

You are always liable for your errors. If you caused the accident while driving a company car both you and the company can be sued. That is why you and the company purchase liability insurance for operation of the cars. The corporate shield protects you from personal liability if another employee of the company is operating the car when the wreck occurs, not from your own errors while operating one of the cars.

Hope this helps. If you are still questioning your personal liability for debts or other obligations of the corporation give me a call and we can discuss.

Darrel

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Answered on 1/09/10, 5:35 am
Edgardo Baez The Baez Law Firm, P.C.

I agree with Mr. Behring.

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Answered on 1/09/10, 5:45 am


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