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welcome everybody to bar titties with Scott to show about winning momentum in business and in life we ride YouTube Apple podcasts Spotify if you like us please subscribe most business owners and entrepreneurs think that the worst thing that could possibly happen to them is they lose their business but thats not all in many circumstances or there are many circumstances where directors entrepreneurs owners managers professional directors officers of companies like a CFO president CEO can become personally liable to other stakeholders of the business even when they have incorporated companies when our stakeholders think of Governments secured lenders like your bank unsecured creditors like your suppliers other shareholders those would be examples of stakeholders and there are instances where as an officer or director of the business you could become personally liable to those stakeholders what tree tools those persons what triggers those personal liabilities unpaid wages vacation pay is