LLC liability protection - Spidell

LLC liability protection

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Message Board LLC liability protection

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    • #268986
      Anonymous
      Member

      My client formed a LLC and plans to sign a lease. The property manager told him that it’s company policy that he needs to sign personal guarantees from him and his wife. Would he lose this LLC liability protection when he signs personal guarantees?

       

    • #269008
      Diane White
      Participant

      He would not lose his liability protection for other liabilities. He would be personally responsible for the lease. This is a common practice when securing a bank loan or a property lease.

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