An important topic and matter for many businesses in the Okanagan is liability. When you incorporate your business it can be very useful removing any personal liability; however that doesn’t always mean there is no liability especially if you are a director of the business, someone who is in charge of the day-to-day management and operation.
In this episode of the Law Talk podcast, lawyers Clay Williams and Tanvir Gill at FH&P Lawyers discuss “director’s liability” under the Business Corporation Act of BC and the obligations imposed on directors. It’s a topic that is litigated constantly and studied at length in Law School.
This episode of the podcast is recorded in the middle of the Omicron wave of the COVID-19 pandemic with Clay and Tanvir appearing remotely. As always, send your business or corporate legal questions in for Clay and Tanvir to [email protected].