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Shareholder may be liable for wages of corporate employee

December 5, 2016

| Controlling Shareholder liabile for employee wages

limitation of liability is not absolute Controling Shareholder liabile for employee wages A sole or controlling stockholder may be held liable for the wages of employees, even though the corporation is the actual employer, due to the Pennsylvania Wage Payment and Collection Law. 43 P.S. §§ 260.2a, 260.9a(b Best practices suggest that a close working…

Statutory limitation of liability is not absolute

December 2, 2016

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| limitation of liability is not absolute

Statutory limitation of liability is not absolute The limitation of liability of business owners and professional practitioners created by statute for corporations, limited liability companies, professional partnerships, and limited partnerships, differs from state to state and can be pierced under a variety of circumstances. The choice of a state usually constitutes a choice of the…