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