Legal Question in Business Law in Nevada
Selling a business to a LLC
If I sell my business to a LLC where the owner lists himself as a ''Manager'', what is his liability position?
Do I have any recource in the event he defaults?
Thank You. Your immediate response would be greatly appreciated as time is an issue.
Thank You again.
Asked on 6/13/02, 11:55 am
1 Answer from Attorneys
Joel Selik
www.SelikLaw.com
Re: Selling a business to a LLC
Is it the purchase price you are trying to guarantee, if so get a personal guarantee.
Answered on 6/13/02, 12:18 pm
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