Questions & Answers
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?

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.