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Your President/CEO may have to pay your company’s wage and hour debts herself
Well, that certainly sucks. Even worse than the time I found out that Santa Claus MacGyver wasn’t a real person.
(My psychiatrist says that there’s a light at the end of the tunnel. I’m not so sure…)
But seriously, I thought that the purpose of a limited liability company was to insulate members from the debts of the company.
After the jump, see how that rule doesn’t necessarily apply when an LLC fails to pay minimum wage or overtime…
The Employer Handbook Blog





