Confidential

Day: January 11, 2022

When Can a Member of an LLC Be Personally Liable for Judgments Against the LLC?

When Can a Member of an LLC Be Personally Liable for Judgments Against the LLC? When Can a Member of an LLC Be Personally Liable for Judgments Against the LLC?

Limited liability companies (LLCs) combine the best of partnerships and corporations, giving them many advantages over other forms of business entities. Like corporations, but unlike partnerships, LLC members usually are not personally liable for judgments against the business unless they sign a personal guarantee. As with other business law matters, understanding LLC member liability is […]