Legal Question in Business Law in Florida

Post-Incorporation - Liable for Loan

If I make my company an L.L.C., can I take out a loan under that company and NOT be liable for the loan if my company goes bankrupt?


Asked on 4/11/07, 7:40 pm

1 Answer from Attorneys

Johm Smith tom's

Re: Post-Incorporation - Liable for Loan

Only if you convince the bank to not make you sign personally as guarantor for the loan. But the bank probably will insist.

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Answered on 4/11/07, 7:57 pm


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