Promoter Liability

Updated 1/20/2024 pdw

Paul Weitzel,

Samuel Gasway,

Tyrell Howsden,

William L. Duffy

Sometimes before a business is incorporated, someone will talk with suppliers, potential purchasers or others. They may want to lock in agreements to ensure the business can actually survive once formed. If they do, should they in the name of the corporation, which doesn't yet exist? Are they personally liable?

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