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The responsibility of a resigned general manager while his name is still on the trade license

Dear sir/madam,

I am a general manager of an insurance company. However, I don't have any equity and I am not a shareholder. I am not authorized to sign a cheque and I am not a signatory in any of the bank accounts. Partners issue the cheques.

If the company has debts, will I be responsible or will it be the partner's/owners' responsibility?

I resigned from my company and have taken resignation acceptance from all the 3 partners on the company letterhead. I have completed my notice period. However, they need one more month to change my name on the trade license.

In case of any legal cases, would I be responsible?

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Dr. Mohamed Alhammadi Advocates and Legal Consultants
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22 Oct 2022, 19:45

Dear questioner,

As long as your name is in the trade license so the answer is yes, you will still be responsible until they change your name.

22 Oct 2022, 19:45

However, you can protect yourself during this time.

22 Oct 2022, 19:45

Please text us via WhatsApp.

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