2 ms·
It's only a risk for anyone loaning to the company, and they're choosing to make those loans despite the risk. Having an LLC doesn't get you much special prote
by Dylan16807 11mo ago
It's only a risk for anyone loaning to the company, and they're choosing to make those loans despite the risk.
Having an LLC doesn't get you much special protection. You could make equivalent contracts with some assets securing the loan and other assets not securing the loan. The main purpose of the LLC framework is to standardize the whole thing.
- dragonwriter 11mo ago> It's only a risk for anyone loaning to the company No, voluntary lending is not the only way that corporations acquire liabilities, either now or at the time of limited liability was attached to the form. For instance, tort liability is a thing.