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Loren
Loren, Attorney
Category: Business Law
Satisfied Customers: 29053
Experience:  30 years experience representing clients .
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Is there a personal liability risk as a company secretary?

Customer Question

Is there a personal liability risk as a company secretary? If so, which one? I am a company secretary of a Delaware corporation based in Miami. I am a Miami/Florida resident.
Submitted: 1 year ago.
Category: Business Law
Expert:  Loren replied 1 year ago.
Good morning. I am Loren, a Florida licensed attorney, and I look forward to assisting you.
Expert:  Loren replied 1 year ago.
No, as a general rule, officers and directors are not personally liable for corporate obligations. Of course, they can be personally liable for their own misdeeds or breach of fiduciary duty, but that liability os to shareholders.
Expert:  Loren replied 1 year ago.
Otherwise, any obligation must be paid from corporate assets.
Expert:  Loren replied 1 year ago.
If you have no further questions kindly remember to rate my service to you.
Thank you.
Loren

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