These questions would generally be settled in Civil Court proceedings. Corporations are entities, and cannot be jailed for criminal violations. Individuals would have to be identified for that. But civil litigation can place responsibility on individuals and/or can assess blame (of a monetary value) against the entire company. what happens when i sell the company and things happen in that time after i sold the company ADDED: If whatever happened began and occurred after you sold the company you would not be liable for anything. -UNLESS- investigation disclosed that whatever you are referring to, began under and during your ownership. In that case you would almost certainly fall under suspicion and if a connection to you could be established you, too, would be liable.
A corporation can be held LIABLE for the acts of its principals and management but not in a criminal sense as is normally thought of. After all, you cannot jail a corporation.
However, if the directors or management of the corporation are found to have operated in a criminal fashion and with criminal intent, THEY, as individuals, can be criminally charged.
To recover damages from a corporation it would be necessary to file a civil suit against the corporate entity.
Yes, a corporation, as well as the individual officers of the corporation, can be held liable for a criminal offense.
A corporation can commit a crime in a number of different ways. This could happen via the company selling stock illegally, or failing to pay their taxes.
A corporation can be held LIABLE for the acts of its principals and management but not in the criminal sense as is normally thought of. You cannot jail a corporation.To recover individual damages from a corporation it would be necessary to file a civil suit against it.However, if the officers of the corporation, and members of the directors or management are found to have operated in a criminal fashon and with criminal intent, THEY, as individuals, can be criminally charged and imprisoned and or fined. There is an applicable Federal statute - the RICO Act (Racketeering Influenced Corrupt Organizations) that might be applicable if the evidence exists.
concept of criminal intent
If it is a misdemeanor or a felony, one must have criminal intent to be guilty.
A criminal act accompanied by a criminal intent is necessary to form a crime. Criminal NEGLIGENCE is a finding in civil and tort cases and is not a criminal element.
Yes, simply being arrested and/or charged does not make you a criminal UNLESS you are convicted of a crime in court.
Exactly what it says: If you have ever been convicted of any criminal offense, you would have to answer YES.If you had been convicted of a criminal offense but you were later pardoned you would answer NO.
No. Fraud requires an act of dishonesty. You cannot be convicted of fraud for an honest mistake, as there is no criminal intent.
A crime is a criminal act committed with a criminal intent.
Intent
William Bernhardt
A criminal act accompanied by a criminal intent. You must have BOTH elements in order for it to constitute a crime.
The USA Network has announced that the 10th and final season of Criminal Intent will begin in 2011, with 8 episodes.