Legal Question in Business Law in Georgia

Re: LLC Personal Liability

Generally, owners of an LLC are not responsible for the debts and obligations of the LLC. However, there are possible exceptions to this general rule, including singing a personal guarantee or failure to properly maintain company documentation such as an operating agreement. The terms of the lease may also be relevant to your personal liability.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.