Thomson Snell & Passmore’s Post

#CPA firms are often uncertain about whether or how to respond to a subpoena, as they also need to comply with certain rules and regulations that are intended to protect client confidentiality. The following Q&A focuses on understanding the nature of subpoenas and how CPA firms can minimize their professional liability exposures when responding to them: https://lnkd.in/g83ivyDs

Board members, are you aware of the potential personal liability risks you face? A recent NY appellate decision has highlighted the importance of taking proactive measures to protect your assets. To hold you personally liable, plaintiffs must prove complete domination and fraud or injustice. However, corporate counsel can help safeguard your interests by providing proactive guidance, risk mitigation, and a robust defense should litigation arise. Don't wait for a crisis to prioritize experienced guidance on the most effective way to safeguard both the corporation and your own assets. Ensure compliance with formalities, adequate capitalization, and clear separation of personal/corporate matters. Stay informed and protect yourself and the board members you manage with these key takeaways from this article - https://lnkd.in/eTW8Dzej #corporatelaw #boardliability #alterego #litigation #riskmanagement

Now Creditors Can Apply for Directors to be Declared Delinquent – Why is That Important? Directors must comply with a long list of onerous duties or risk personal liability for company debts and losses, criminal liability, and declaration as a “delinquent” director – a severe and career-threatening sanction. Until now, creditors have been unable to apply for offending directors to be declared delinquent even when they have cause to attribute their and other stakeholder losses to director misconduct. That has changed with a recent High Court decision, which we’ll analyse in the context of when creditors can get authority to make such an application and what they must prove to succeed. Read More: https://buff.ly/3tQuexy  

With QBE as your partner, it’s not business as usual, it’s business the exceptional way. Our new Solution for Private Companies form adapts to all of your client’s needs and provides a more uniform approach to protection. Reach out to Jonathon Fanti to discuss how QBE can mitigate risks for privately held companies, Mary Anne Mullin to learn more about our Employment Practices Liability and Fiduciary Liability offerings and Matt Dodd when considering our Fidelity & Crime coverage.

Fixed term contracts can expose businesses to considerable liability and risk. Learn how to mitigate those risks by visiting our website. https://buff.ly/3RivbpW #EmploymentLaw #Contractor

Liability makes most lawyers shudder – so goodness knows how business people must feel. From a lawyer’s perspective, it’s often a contentious part of a contract and it’s no wonder: if things go wrong, these provisions count; it’s where the buck stops, where the line in the sand is drawn. Here are the 3 things you need to know about liability clauses in business-to-business contracts>>> https://buff.ly/4c3Jpnk

We have introduced a new Private Company form which includes EPL and Fiduciary cover. Simple and adaptable. Let's discuss. #qbenorthamerica #insurance #EPLinsurance #fiduciaryinsurance #mangementliabilityinsurance

Now Creditors Can Apply for Directors to be Declared Delinquent – Why is That Important? Directors must comply with a long list of onerous duties or risk personal liability for company debts and losses, criminal liability, and declaration as a “delinquent” director – a severe and career-threatening sanction. Until now, creditors have been unable to apply for offending directors to be declared delinquent even when they have cause to attribute their and other stakeholder losses to director misconduct. That has changed with a recent High Court decision, which we’ll analyse in the context of when creditors can get authority to make such an application and what they must prove to succeed. Read More: https://buff.ly/3vuBwYb

Fixed term contracts can expose businesses to considerable liability and risk. Learn how to mitigate those risks by visiting our website. https://buff.ly/3RivbpW #EmploymentLaw #Contractor