Legal Question in Business Law in Illinois
Who is responsible for debt in corp with 3 partners?!
Asked on 1/10/14, 7:07 am
1 Answer from Attorneys
Chen Kasher
Chen Kasher
Generally, all three of you are jointly and severally responsible for the debt, but there are many exceptions and I can't even begin to advise without seeing a lot more documentation.
Answered on 1/13/14, 10:27 pm
Related Questions & Answers
-
My father rents an apartment. He had the rent set up with his bank to debit and send... Asked 12/22/13, 7:26 pm in United States Illinois Business Law
-
How long does an LLC need to hold onto old job jackets once they are processed and... Asked 12/20/13, 9:21 am in United States Illinois Business Law
-
I am a salary employee who has been filling in for an injured co-worker at night and... Asked 12/20/13, 8:59 am in United States Illinois Business Law
-
I work at a restraunt as a waitress an they are only paying me $3.30 an hour what is... Asked 12/19/13, 9:56 am in United States Illinois Business Law
-
I gave a business check to a subcontractor and because of some problems with the... Asked 12/03/13, 10:35 am in United States Illinois Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
