I started an LLC company with a partner and we obtained a business credit card to help build the company's credit. My partner maxed out this card on personal expenditures, and I'm currently going through the process of filing fraud charges. If the charges are confirmed in court, is the credit card company going to hold me responsible for his charges or am I going to be in the clear?
It depends on the nature of what is defined as fraudulent charges. If this is a case of you being defrauded by your partner, ask the question of why the bank should take the loss?
If the charges were fraudulent in that no goods or services were received by you or your partner, then the charges could be placed in dispute. In that event you may not have liability.
If your partner took cash advances and blew the money, the bank will hold you liable and your recourse is to seek repayment from the partner. The bank simply executed the agreement you and your partner requested.
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It depends on the nature of what is defined as fraudulent charges. If this is a case of you being defrauded by your partner, ask the question of why the bank should take the loss? 