July 28, 2010
Take a look at this great informative article written by SBAC member Jeffrey Bunn. The article is about Small-Market Business Owners and the Threat of Personal Liability: How to Protect Yourself When Making Difficult Decisions
In the article Bunn writes, “Most small business owners are the lords of their castles. Eliminating multiple layers of managerial oversight, owners are actively involved in day-to-day decisions that include both the creation and the termination of contractual relationships.
“Unfortunately, the termination of a contract â€“ even with good cause â€“ can sometimes lead to a lawsuit. As a result, decision-makers increasingly find themselves targeted individually, even in situations where the issues at stake are corporate in nature. There are, however, ways for owners to protect themselves, including the qualified privilege defense.”
To read the complete article go to: Small-Market Business Owners and the Threat of Personal Liability: How to Protect Yourself When Making Difficult Decisions