My understanding is that an LLC is a separate entity from your husband. If the business is being sued, they cannot come after personal property and vice versa. I own an LLC in Wisconsin and that is how my accountant explained it to me. To be sure, check with your accountant or attorney as state laws may be different.
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Submitted 141 days ago...
Can a personal judgement effect an LLC?
My husband owns a small company that is registered as an LLC in the state of Colorado. Our former landlord has a judgement against us that we have been trying to resolve with him and he keeps threatening to go after the company. Since the company is an LLC I didn't know if he can do anything to the company or not.
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Submitted 139 days ago...
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