Legal Question in Business Law in Arizona
foreclosure effect on business ownership
What is generally the effect on the business if a business owner has a foreclosure on their home. It is a service/contracting business. Set up as a LLC. Please offer any ideas, I have come up short on information.
Asked on 8/06/07, 11:05 pm
1 Answer from Attorneys
James Jenkins
Jenkins Law Center PLC
Re: foreclosure effect on business ownership
To the extent that a bad mark on the personal credit of the business owner can effect a business, but a foreclosure on a home does not have a direct effect on an LLC that I know of.
Answered on 8/07/07, 11:46 am
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