Sentences with phrase «liable for the business entity»

Not exact matches

The advantage to the owners and employees is that only the corporate entity is held liable for its business actions.

If the LLC maintains its separation from the personal affairs of the member, LLC members are only liable for the debts of the business entity to the extent of their personal contribution.

If you form this type of entity, members of the company are not held personally liable for business debt or liability (in most cases).

Before you can receive monetary compensation for your injuries and other losses, you must establish that another person or entity (such as a business or government agency) is legally responsible or («liable») for what happened to you.

However, as a general rule, government entities are not liable for injuries caused by their negligent actions related to carrying out government business.

In the new rule, the HHS will now also be able to hold the business associates of covered entities directly liable for compliance with certain requirements related to the HIPAA Privacy and Security rules.

However, as described in this article, business associates of covered entities are also liable for complying with the Security Rule.

(For example, covered entity hires a business associate, who hires a subcontractor (1), who in turn hires its own subcontractor (2)-- even subcontractor # 2 is liable.)

In general, the owner of a legal entity can not be held personally liable for the liabilities of their business.

7 DOS 00 DOS v. Flagship Marketing Group - availing of license; failure to cooperate with DOS investigation; jurisdiction; proper business practices; ex parte hearing may proceed upon proof of proper service; DOS retains jurisdiction over party not licensed at the time of the hearing where, at that time the complaint was served, the party was (i) licensed, (ii) an applicant for a license or renewal, or (iii) was eligible to automatically renew; salesperson is prohibited both from owning, directly or indirectly, singly or jointly, any shares of voting stock in and from being an officer of any licensed real estate brokerage corporation with which the salesperson is associated; representative real estate broker availed the corporate broker license to an associated salesperson where the office was operated by the salesperson without the direct supervision of the representative broker and the salesperson conducted business as a broker for his own benefit; representative real estate broker engaged in fraud by availing the corporate real estate broker license to a salesperson; representative broker's availing of corporate broker's license for which the corporate broker is vicariously liable; failure to provide business records constitutes failure to cooperate with DOS investigation; DOS fails to establish fraud, ignorance or negligence is not sufficient to prove mistake; pressure, regardless of how severe, is not undue influence; restitution denied where funds sought were received by an entity not named or charged in the complaint; corporate broker fined $ 3,000.00, representative broker's license revoked and fined $ 3,000.00 and salesperson fined $ 5,000.00

In the case of renting to a business, it is a good idea for the landlord to seek a guaranty to make sure that if the entity does not pay that the person is personally liable for any unpaid receivables.