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Commercial landlords require huge down payments and want small business owners to sign using their own name. Any experienced commercial landlord has been burned
by ransom1538 6y ago
Commercial landlords require huge down payments and want small business owners to sign using their own name. Any experienced commercial landlord has been burned plenty of times trying sue a "Grapes vape shop LLC". Gets! Worse! The largest asset these small business owners own is: their house -- and NOW they have no LLC protection.
- r0m4n0 6y agoYes this exactly. The commercial real estate people I know aren't worried much (at least at the moment). Most of these small business leases are personally guaranteed.