New York Expands Shareholder Liability For Unpaid Wages
Dec 1, 2015
Last year, the Legislature amended the Wage Theft Prevention Act to add a provision to the New York Limited Liability Company Law, imposing personal liability on the members of a limited liability company having the ten largest ownership interests for the failure of the company to pay the wages of its employees. You can read more about that amendment here. The liability imposed by that…