|
|
|
|
|
by tptacek
6222 days ago
|
|
I read your first example (CA), which states: In Reynolds v. Bement, 36 Cal. 4th 1075 (2005), the California Supreme Court
observed that, “[U]nder the common law, corporate agents acting within the scope of
their agency are not personally liable for the corporate employer‟s failure to pay its
employees‟ wages.” Id. at 1087. Now I'm finished reading, and, hopefully, talking about this. Like I said, it's extremely unlikely that the owners, investors, or officers of a VC-funded company would be on the hook for salaries after the company went bankrupt. That's a good thing. Surprisingly few things need to go wrong for a company to BK. Who'd start a company if that event meant they'd lose their house? |
|