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https://corporate.findlaw.com/corporate-governance/the-advantages-and-the-alternatives-of-corporations.html#:~:text=Are%20there%20business%20entities%20that%20are%20alternatives%20to,entity%20known%20as%20a%20%22limited%20liability%20company%22%20%28%22LLC%22%29.
https://www.raymondcapaldi.com.au/a-corporate-office/are-there-alternatives-to-corporate-officers-liability.html
Mar 26, 2008 · Are there business entities that are alternatives to corporations? A. Yes. Missouri has joined most states in allowing formation of an entity known as a "limited liability company" … Personal Liability of Corporate Officers https://www.upcounsel.com/personal-liability-of-corporate-officers Limited Liability. 4. Fiduciary Duties.
https://corporate.findlaw.com/corporate-governance/the-advantages-and-the-alternatives-of-corporations.html
Are there business entities that are alternatives to corporations? A. Yes. Missouri has joined most states in allowing formation of an entity known as a "limited liability company" ("LLC"). LLC's provide many alternatives for structure, but the structure that has received the most attention allows the owners of the LLC to receive the same tax treatment they would receive if …
https://www.upcounsel.com/personal-liability-of-corporate-officers
To prevent corporate officers from being held personally liable, corporations will take out insurance policies for its directors and officers in the hope that it will cover detrimental events that could expose an officer. Illegal actions can also leave an officer personally liable, even those actions performed under the umbrella of the corporation.
https://corpgov.law.harvard.edu/2021/02/21/recent-trends-in-officer-liability/
AmerisourceBergan Corp., in the context of resolving a books and records demand seeking “senior management materials,” the Court of Chancery expanded on officer liability, reiterating the longstanding principle that officers are “corporate fiduciaries” who “owe the same duties to the corporation and its stockholders as directors.”.
https://www2.stetson.edu/law-review/article/on-the-sufficiency-of-corporate-regulation-as-an-alternative-to-corporate-criminal-liability/
In addressing each argument, the Author points out-as discussed in detail in Part I of the Article-that current corporate regulation has essentially eliminated individual liability for directors. The Author notes that if higher legal sanctions are placed on directors and officers, corporations will still almost always foot the bill as a result ...
https://www.jdsupra.com/legalnews/d-o-coverage-alternatives-self-funded-9186486/
The rising premiums have companies looking to cut costs with some considering going bare, other companies only purchasing Side A coverage and still others considering D&O coverage alternatives.
https://sgp.fas.org/crs/misc/R43293.pdf
nature, cannot be committed by corporations”). Since, in the federal sphere, there is no crime but by act of Congress, the question is one of statutory proscription and congressional intent. Entities Subject to Corporate Criminal Liability Most federal criminal statutes apply to “whoever,” or to any “person” who violates their ...
https://www.singleton.com/2017/07/personal-liability-of-directors-and-officers-for-corporate-contracts/
This characteristic is often referred to as a corporation’s “limited liability status” and has led many directors and officers to assume that they can never be found personally liable for the conduct of a corporation they control. In reality, directors and officers may not always be shielded from personal liability.
https://legalbeagle.com/12719411-what-liability-does-a-corporation-have-for-its-officers.html
A corporation can be liable for the criminal activity of its officers if the criminal acts are closely related to their employment with the corporation. However, whether an officer was acting within the scope of his employment can be a debatable issue. Generally, there must always be a rational relationship between an officer’s corporate ...
https://www.wolfbaldwin.com/articles/small-business-articles/liability-of-officers-and-directors/
In Kaites v. Com. of Pa., Dept. of Environmental Resources, the Pennsylvania Commonwealth Court reasserted that corporate officers are generally individually liable for their own tortious actions; that is, in order for liability to attach, the officer must actually participate in wrongful acts, and may be held liable for misfeasance but not for simple nonfeasance. Thus, committing an …
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