Can a appendage of an LLC be held intuitively liable for its debt? Also can the member be court ordered to settle up off the
Also can the member be court ordered to settle up off the LLC's debt? provided the contestant was not slack or unlawful. The LLC is registered in Connecticut
Answers: Yes, if the debt be personally guaranteed. It also depends on the nice of debt. Is the business still running? A lot of businesses will not extend credit to an LLC unless someone personally guarantee's the debt. It is possible that you signed something in need even knowing, fine print on a purchase order for example.
As the nickname suggests, Limited Liability.
Therefore, the companies debts are independent not only from the shareholders but also from the regulation of the company.
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