• July 2018
    M T W T F S S
    « Jun    
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    3031  

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!

Sending
User Review
0 (0 votes)

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