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Is there any risk that the LLC owners would be held responsible for the company's actions? I have zero knowledge about this stuff, quick googling returned a re
by jpalomaki 10y ago
Is there any risk that the LLC owners would be held responsible for the company's actions?
I have zero knowledge about this stuff, quick googling returned a result[1] which says the owner might be held personally liable if "intentionally does something fraudulent, illegal, or reckless that causes harm to the company or to someone else"
[1] https://www.nolo.com/legal-encyclopedia/llc-basics-30163.html https://www.nolo.com/legal-encyclopedia/llc-basics-30163.htm...