New Jersey | Business Law

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Asked on: 8/01/08, 11:58 am

LLC and personal judgement

Regarding personal liability and members of a LLC. If a member of a LLC has

a personal judgement against them, can a financial institution freeze the

bank account of the LLC since the individual member's ss# is on the bank

account of the LLC.

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3 Answers

Re: LLC and personal judgement This question can not possibly be answered without detailed information. Please, please go hire an attorney to help you. I do this kind of work, an...

Answered By:

Robert Davies

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Re: LLC and personal judgement The member's SSN should not be on the LLC's bank account for exactly that reason. The IRS provides for the issuance of EINs for single-member LLCs s...

Answered By:

John Corbett

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Re: LLC and personal judgement Your question has a faulty assumption. If your LLC was set-up properly, it has its own EIN. The Bank account should have the EIN of the LLC not the S...

Answered By:

Ronald Cappuccio

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