Dissolving a Mistake LLC

Let’s say you formed an LLC, because all of your business friends did, but then it turns out it is really not the right form of business entity for you and your fellow founders. You haven’t started doing business with the LLC, the LLC has no assets, no members, and you just want to make … Read More

Limited Liability Protection of LLC not absolute

Section 609(a) of the New York Limited Liability Company Law provides that an LLC member is not personally liable for the debts and obligations of the LLC. That is the beauty of having formed a limited liability company. If the LLC goes under, you keep your house. However, as illustrated by a recent New York … Read More

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