Legal Question in Business Law in Louisiana
If a business partner quits the business due it it failing can he be held accountable to share the debt left over after LLC was dissolved?
Asked on 2/26/14, 6:01 pm
1 Answer from Attorneys
Adam Lambert
The Law Office of Adam S. Lambert
Certainly. He should be responsible for debt in the same share/percentage of his ownership interest. If he was getting 50% of the profit, he owes 50% of the debt.
Answered on 3/05/14, 5:09 am
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