If you thought you were immune to liability as a shareholder of a New York corporation, know this: In New York, the ten largest shareholders, as determined by their shareholding, of every closely held corporation are personally liable for all salaries due to any of its employees for services performed by them for the corporation. See Sec 630 NY Business Corporation Law.
If you need help with the topic of Liability of New York Shareholders for wages due to employees, call a licensed small business attorney in your area.
