Legal Question in Business Law in Florida
failing business
I started a business with a so called friend, She has all the loans in her name. We have an s corp. The business failed. I never signed anything saying I was responsible for 50 of the debt. Can I be held liable?
Asked on 11/04/07, 1:39 am
2 Answers from Attorneys
Michael Stewart
Michael D. Stewart
Re: failing business
If you agreed in writig to be personly liable aside from the corporation you can be
Answered on 11/04/07, 2:46 am
Stuart M. Address
Law Offices of Stuart M. Address, P.A.
Re: failing business
You should not be personally liable for a corporate debt unless you personally guaranteed the debt. Would be happy to discuss further with you if necessary.
Answered on 11/04/07, 11:19 am
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