LLC lawsuit
By: Martin M. Shenkman, CPA, MBA, JD
Someone can sue an LLC just as anyone can sue any business, entity or person. If the LLC has adhered to the appropriate formalities and maintained its identity and business purpose the claimant should not be able to reach personal assets of the members (owners) or managers (persons who operate/manage the LLC). In some instances, the LLC may have so ignored formalities (e.g., commingling funds from the business and personal matters).
Our Consumer Webcasts and Blogs
Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.
Ad Space