Legal Question in Business Law in Ohio
LLC Question
I set up an LLC several years ago and it ended up folding (due to a partner that ''abandoned'' me). Apparently, since the time that we ended the partnership and closed the business, the city had to do something with the property and 3 years later they are wanting me to pay the expense since I was the chief agent. I do not have the expense money, nor can I afford an attorney. I was under the presumption that the LLC protected me from this very sort of thing. Am I wrong in this? I realize you don't have many details, but any suggestions on how to handle it?
1 Answer from Attorneys
Re: LLC Question
Dear Concerned Inquirer: The laws of Ohio provide for protection of members of an LLC from personal liability of the company, pursuant to R.C. 1705.48(A) and (B).
Contact and retaIN EXPERIENCED LEGAL COUNSEL TO ADVISE, GUIDE AND REPRESENT YOU.
GOOD LUCK.
SINCERELY, j. NORMAN STARK
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