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Return To Incorporation FAQ Archive   Search the Archives Will I be personally liable for the corporation's obligations? Answered By Ivan Welten In general, the members of the corporation or its shareholders are not to be held liable for the business obligations. However, there are some exceptions. Most state laws impose several responsibilities on corporations wherein such requirements should be firmly followed to ensure personal limited liability. In some cases, Courts of law permits people in a corporation to be personally sued if these requirements will not be complied with. In addition, an employee or a shareholder will surely be liable for damages resulted from his acts of misconduct as well as his negligence, apart from the corporation's existence. keywords: Incorporation | Incorporate | Incorporating | Business | Liability | Corporation

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