Corporate
Aug. 18, 2005
'Responsible Person' Issues Complicate Sales-Tax Cases
Focus Column - Corporate Law - By H. Jacob Lager - It might just be the worst-case scenario for an honest chief financial officer. Not only has the company's unscrupulous owner co-opted his authority, missed payroll, skimmed the gross receipts and micromanaged the business into limbo, but now the state Board of Equalization, brandishing the officer's name and title on the company's annual statement of information, has notified the harried officer that he is personally responsible for the company's delinquent sales taxes.
Focus Column
Corporate Law
By H. Jacob Lager
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