Delaware  |  Business Law

Legal Question

Asked on: 9/04/13, 2:36 pm

my LLC has a lease we are going to default on... can i be held personably liable for balance?

1 Answer

Answered on: 9/04/13, 3:01 pm by Roman Fichman Esq.

The answer depends on the lease and on the manner by which you conduct the business of the LLC. It is possible that your lease has personal liability attached and/or under certain circumstances the limited liability shield of the LLC can be pierced.

Without reviewing the documents it's impossible to answer the question. My office has a special offer for LawGuru clients where we can conduct a limited review of the matter at the nominal cost of $198. To take advantage of this limited offer please go to:

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Law Practice of Roman Fichman Esq. New York Manhattan, NY 10011-1607

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