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?

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Answered on 3/20/07, 3:18 pm
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: corporate office liability

Generally, no personal liability if the corporate formalities have been followed and there are no personal guarantees.

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Answered on 3/20/07, 6:22 pm


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