Hello, I work at small internet company that is a third party ticket reseller. The company is small (less than 20) with 2 cofounders. I have recently come to the realization that the company intentionally does not pay vendors their rightful amount and even chooses not to pay some. Am I personally liable? If so, what can I do to protect myself? I make a good living now and am a single father of a 7yr old and am obviously concerned. I have brought my concerns directly to ownership on numerous occasions and just get shot down each time. I know I should talk to a lawyer asap.
Concerned single father
No, you shouldn't be personally liable under this scenario unless you're a party to the contract with the vendor. Typically, only the company itself would be liable and perhaps the owners, in certain circumstances.
Employees do not have personal liability for the debts of their employers unless you also have some kind of ownership interest or unless the debt is to employees and you have discretion over whether they get paid or not. You should not have personal liability if your company elects to not pay its vendors unless you have engaged in some form of fraud. Just be honest, do what your employer instructs you to do and you should be fine.
While speaking to an attorney can't hurt, I doubt you need to incur that expense at this time.
Good luck to you.
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