Legal Question in Business Law in Florida

Is a share holder that is cutting ties with a company responsible for any debt the company may have?


Asked on 1/20/12, 12:50 pm

1 Answer from Attorneys
Richard Kaplan

Normally, if the person is only a shareholder of the company, and has no other responsibilities or obligations, then they never have any responsibility for debt.

If they held a position with the company or has signed papers obligating themselves personally, then it is possible on certain circumstances, but not necessarily.

To be sure, consult with an attorney.

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Answered on 1/20/12, 1:03 pm


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