In short when the business that I`m in with my partner (of which I still don`t own any shares after 4 1/2 years of work) needed some business credit cards I opened up an American Express card to help out. I didn`t realize at that time that I was personally guaranteeing the card. I thought it was on our business line because it`s never shown up in my personal credit report.
Well, fast forward to now, the company now owes a good deal on the cards and have defaulted on payments so AMEX called me and it`s hitting my personal record pretty soon.
What protections do I have being that this is a business card as far as payment is concerned? I know it`s a debt that the business has incurred but how do I shoulder it on the companies books and not me personally?
What kind of lawyer do I need to contact to get advice on this issue?
It`s frustrating needless to say. I`m getting out of this business soon but also wanted to make sure everything is ok with the credit card payments and what not.