Legal Question in Business Law in Delaware
my LLC has a lease we are going to default on... can i be held personably liable for balance?
1 Answer from Attorneys
The answer depends on the lease and on the manner by which you conduct the business of the LLC. It is possible that your lease has personal liability attached and/or under certain circumstances the limited liability shield of the LLC can be pierced.
Without reviewing the documents it's impossible to answer the question. My office has a special offer for LawGuru clients where we can conduct a limited review of the matter at the nominal cost of $198. To take advantage of this limited offer please go to:
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