Legal Question in Business Law in Florida
I made an agreement with a guy , we started an LLC in Fla. He did not honor his part of the money agreement but we have already signed the papers and he now owes 50% of my small private company. I started a new company and am operating under the new company name and have not heard or contacted him in a few months. he has let the company bank account go in to over draft but not putting any money in the accounts to cover the bank fees. Is there anything I need to do or worry about?
Asked on 8/25/10, 7:03 pm
1 Answer from Attorneys
William Gwaltney
William W. Gwaltney, Attorneys at Law
Yes. You may still be responsible for the debts of the business that the other guys racks up. You need to dissolve the business.
Answered on 8/31/10, 5:04 am
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