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So if the company goes belly up its possible that you'll end up holding the bag? That is horrifying coming from someone who has worked for mismanaged companies.
by cmdrfred 9y ago
So if the company goes belly up its possible that you'll end up holding the bag? That is horrifying coming from someone who has worked for mismanaged companies.
- ams6110 9y agoHe's speaking about the person opening the credit card account in the business's name (generally the founder/owner/CEO etc.) As an employee using the company card you would not have personal liability.
- uiri 9y agoAn employee using the company card usually does have some personal liability for the card. Liability does not arise in the case mentioned above where the company goes bankrupt. However, if an employee makes unauthorized charges to a company card, the company can refuse to pay them as they do not fall underneath the company card policy. Those charges then become the employee's responsibility. Be careful with company credit cards, even if you're only an employee!