|
|
|
I'm an officer of a financially troubled company with operations throughout the US. Can I be held personally liable for wages if the company can't meet its payroll?
Possibly. Some states impose personal civil or even criminal liability on officers who knowingly fail to pay employees wages on payday. Additionally, unlike WARN, the Federal plant closing law, which does not impose individual liability on officers, some state plant closing may impose such liability. Offices liquidating a corporation should therefore consult the laws of each jurisdiction where a liquidation occurs.
|
|
