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To: Taliesan
Sorry, the corporate officers do not have individual liability in lawsuits against corporations.
412 posted on 02/18/2004 12:12:05 PM PST by hedgetrimmer
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To: hedgetrimmer
What you meant to say was that individual owners do not have personal liability for the debts of a corporation. Corporate officers do indeed have personal liability in many civil suits -- that is why they sell D & O insurance.

When you do business with a corporation, you know that what you have to look to for recourse is corporate assets. That limited recourse chain is information that is embedded in the price of the transaction. Whether you know it or not. And you know it.

Unless you've lived underground since the 16th century.

427 posted on 02/18/2004 12:49:21 PM PST by Taliesan (fiction police)
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