• October 2018
    M T W T F S S
    « Sep    
    1234567
    891011121314
    15161718192021
    22232425262728
    293031  

If I have a properly maintained LLC, how much liability do I get exposed to if I have to guarantee a commercial lease personally?

Guaranteeing your commercial lease does not increase the chances of piercing your LLC veil. Most, if not all, landlords are aware that LLC members don’t have personal liability for LLC debts so they’ll require the member’s personal guarantee. By doing so you’re essentially waiving your limited liability for that debt. However, such waiver only extends to that particular debt, which is the lease in your situation.

If you’re interested in speaking with a business attorney regarding your situation then stop by LawTrades. We are a legal marketplace that makes it easy and affordable for entrepreneurs to connect with skilled lawyers. Hope this helped!

Legal is hard. Let’s tackle it together.

Speak to one of our Legal Pros and discover how we can help.

Let's Talk

Comment

There is no comment on this post. Be the first one.

Leave a comment

[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]
[if lte IE 8]