Hunt & Associates P.C.

Aug 23, 2012

Liability Issues for LLC Members

When I meet with clients for the first time they usually tell me they want to set up an LLC so that they cannot be sued personally for the company’s business.  However, limited liability does not mean absolute liability.  Members of limited liability companies can be liable for company debts, obligations, and liabilities for a number of reasons.

As a general rule members of a limited liability company are not personally liable for the debts, … Read more