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Former Employee Liable for Payments?
My hubby is co-founder & shareholder in a corporation. He was employed as CTO for about a year and was recently forced to resign due to majority changes on the BoD.
The office lease and a company car lease are both in the companies name, but he also had to sign with his personal name and SSN, as the Corporation didn't have a credit history.
Two questions:
How do we get the Corporation to immediately take my hubbys name off those leases and replace it with the name of a current employee/decision maker?
Can my husband be held personally liable for any debt if the corporation doesn't make payments? I thought he was personally protected by corporate law?
Thanks for your advice!!!
1 Antwort
- TedExLv 7vor 1 JahrzehntBeste Antwort
You need a lawyer. Quick! This is like being a co signer on a personal loan.