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this is actually a very common question no you should not shut down your company if you simply think you're going to escape your debts you won't because in the state of Florida there are several statutes that allow the business owner to be subjected to personal liability which means that those creditors you left behind at your old company can now come back sue you individually and go after your personal assets and through the new company that you just started it's simply not worth it you
Thanks for your comment Alden Longshore, have a nice day.
- Alvaro Garriga, Staff Member
hi this is fresney Amanda Pamela Neiman and right you know when everybody goes into business their goal is to make money and generate a profit but with profits and with income come debts and what happens if your limited liability company can't pay its debts are the members of the LLC responsible well I've tried to address those types of questions those issues on this page read it over when you're done if you have questions I want you to give me a call because not all debts of a limited liability company become the personal responsibility of a member or members I'll alert you to how you should sign for debts I'll urge you on how your LLC should be structured a publicized to third parties and to the consuming public and when you're done you'll walk out knowing exactly when and when not you can be held responsible for the debts of your limited liability company
Thanks oogstrijpj your participation is very much appreciated
- Alvaro Garriga
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I've studied broadcast journalism at State University of New York College at Plattsburgh in Plattsburgh and I am an expert in esotericism. I usually feel predatory. My previous job was occupational physician (md) I held this position for 24 years, I love talking about flying and yachting. Huge fan of Gus Kenworthy I practice biathlon and collect bazooka joe comics.
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