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persoanl liability & business contract

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L

lhmiller

Guest
New Jersey
I have a small business (two partners)which is incorporated. I am being sued for lost income because I was unable to deliver a job on time. Is there any personal liabilty-can they get me personally. I always sign for the party of the first part which is a corporation.
 


L

loku

Guest
Personal liability

If you have observed all the corporate formalities and have kept your own affairs separate from the corporate affairs, then you will be protected from personal liabilities for corporate obligations.
 

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