Legal Question in Business Law in Florida

Limited Liability Shield

Can the protection of limited liability for a corporation be pierced by one of the owners signing a personal guarantee? Opening personal liability to all owners for all debts and liabilities of the corp?


Asked on 9/07/07, 4:12 pm

3 Answers from Attorneys
Johm Smith tom's

Re: Limited Liability Shield

Personal means personal; so no. The company and other owners should be safe from this.

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Answered on 9/07/07, 5:45 pm
Robert Roemer Robert Roemer

Re: Limited Liability Shield

The other answers correct unless so approved the use of you personal guarantee(agent}. I would suggest you have an attorney review this document.If you want my assistance e-mail me your phone #.

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Answered on 9/08/07, 12:51 am
Michael Stewart Michael D. Stewart

Re: Limited Liability Shield

The personal guarantee would be personal to the one making the guarantee.

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Answered on 9/07/07, 4:20 pm


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