One of the most underappreciated innovations in the history of the business was the introduction of the limited liability corporation.
Prior to its emergence in the 1600’s, anyone starting a business could lose not only their investment but be held personally responsible for ALL the debts of the corporation. In those days, many failed entrepreneurs and executives found themselves (and their families) in debtor’s prison until their debts were paid (Charles Dickens’ own father, mother and all his siblings were imprisoned for the senior Dickens’ debts).
However, NOT all personal liability in a corporation has been eliminated….even for non-owner managers and executives.
Vistage speaker and employment law expert Hunter Lott points out several employment law traps that can result in significant personal liability exposure for HR Managers and other executives.
Do you know what these traps are? Find out before you fall in to one. Mr. Lott’s recent five-minute video tutorial will bring you up to speed on Personal Liability 2023.
