Legal Question in Credit and Debt Law in New Jersey

Re: Personal Debt and forming LLC

The member's ownership interest in the LLC can be attached, by legal process. The process is kind of complicated, so the LLC should talk to a lawyer if it gets legal papers served on it.

However, the LLC does NOT owe the member's debts.

You really should have an attorney available to answer questions for your business. Find an attorney who handles small businesses, located not too far from you.

If you would like, give me a call; I am in northern New Jersey. I will be happy to discuss this with you; the telephone consultation will be free.

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.

Disclaimer: Your question and any response does NOT create an attorney-client relationship between you and this law firm. You can not rely on the statements made by an attorney given over the internet. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.