Is vice president legally responsible for debt in the limited company?

In a limited company, the vice president is not personally liable for the company's debts, as the company is a separate legal entity. This means that the company's financial obligations are distinct from those of its officers or shareholders. However, if a vice president engages in illegal activities or breaches their fiduciary duties, they could potentially face personal liability in those specific circumstances. Generally, corporate officers are protected from personal liability for company debts as long as they act within the scope of their authority and comply with legal and regulatory requirements.