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Do you have personal liability with an LLC?

Generally, the members and managers of a limited liability company have no personal liability for the obligations incurred by the LLC. For example, if the LLC buys goods or services on credit and goes out of business, the members are not obligated to pay the creditors. There are many many ways, however, that personal liability can arise out of a person's participation in an LLC. Some of these include: * The person's own negligence, fraud or illegal act * Personal guarantees * "Piercing the veil" of the LLC


What businesses offer pick and pack services?

Businesses that offer pick and pack services include (but are not limited to) Genco, TechnologyDrive , and Saddle Creek Logistics Services. Also included is Quality Assurance Group, LLC.


What is the difference between an LLC and a Professional LLC?

A standard LLC are your small businesses that do not require professional licensing, such as retail stores. A professional LLC are your small businesses that do require professional licensing such as Attorney and Doctor Offices.


Can a non wage garnishment be placed on a llc?

Yes it can. If the creditor files a wage garnishment to a protected LLC and that LLC fails to respond or respond properly, a court can and will hold the LLC jointly and severally liable for the entire debt owed to the creditor.


Is it safe to create a business LLC online?

It should be safe to create a business LLC online if a secure website is used. It can be cheaper to create online. LLC stands for "limited liability company".

Related Questions

Who is Homeselect Settlement Solution?

Homeselect Settlement Solution is a subsidiary of Nationstar Mortgage LLC. They are located at 350 Highland Drive,Lewisville, TX 75067, same address as for Nationstar's overnight delivery, qualified written request, and bankruptcy departments.


What services are provided by Telecom Solutions LLC?

The company Telecom Solutions LLC delivers phone lines and phone services. They are centered around the business of communication, both land lines and wireless. In layman's terms: They can service your cord phone and cell phone.


Where can one find business management solutions?

Many websites provide business management solutions. BMS Financial Insurance Tax, Management Business Solutions, and Healthcare Business Management Solutions LLC provide business management solutions.


When was Safway Services LLC created?

Safway Services LLC was created in 1936.


What is the population of Safway Services LLC?

Safway Services LLC's population is 4,000.


What service does Vortech Consulting LLC offer?

Vortech Consulting, LLC offers process and logistics consulting services in computer system design. Some specialized services are testing of network security, infrastructure design, integration solutions, and custom software development.


Can an LLC provide a loan to an individual?

Yes, an LLC can provide a loan to an individual.


Do you need punctuation after LLC?

Yes, after the abbreviation "LLC," a comma should be used. For example: "XYZ Corporation, LLC, is a leading provider of software solutions."


What are the differences between a professional LLC and a regular LLC?

A professional LLC is a type of limited liability company specifically for licensed professionals, such as doctors or lawyers, who provide services. It offers liability protection for the owners' professional actions. A regular LLC is for businesses in general and provides liability protection for the owners' personal assets.


Is cec solutions llc a real company?

NO!!!!there rip offs


Understanding the benefits of Hiring Tremiti LLC for Labor and Employment Law Matters in New York City?

Tremiti LLC is a renowned law firm in NYC that specializes in employment and labor law, offering extensive experience, comprehensive services, personalized attention, and a strong track record of success. They are committed to excellence, take a client-centered approach, and provide cost-effective solutions.


The IEEE subdivided the datalink layer to provide for environments that need connectionless or connection-oriented services What are the two layers called?

Mac & llc