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Company Director still liable after leaving‏ ?

  • 28-11-2012 4:40pm
    #1
    golfdiva
    Registered Users, Registered Users 2 Posts: 222 ✭✭


    Hi All

    Just looking for a bit of advice

    I used to be a director on my Fathers Building Company about 3 years ago. I was not involved in the business in any way but my Father needed a second name to setup the company initially.

    The company is still in business now. When I resigned from the company my father got his friend to be a new director.

    Recently the company got a VAT bill of €20k.It looks like the company accountant made some type of omission about 4 years ago which has now come to light. The upshot is the Revenue are looking for €20k which the company can not afford to pay.



    I was wondering if I have any liability as the omission happened while I was one of the directors or does it fall back on the current directors?

    Thanks in advance :)


Comments

  • #2
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    A financial liability - maybe not unless you signed personal guarantees. A legal liability yes - you signed off on the books, this was your responsibility as a director.

    Get professional advice...


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