LLC
Can an LLC be sued for a personal pre-existing debt?
If an individual has a pre-existing debt and they open a business as an LLC, could the LLC be sued to collect that debt even though the LLC is a separate business entity?
Can forming an LLC protect my investment from bankruptcy?
I would like to form a corporation or LLC (preferably LLC) prior to declaring personal bankruptcy. Does an LLC protect my investment from the bankruptcy court?
Can an LLC be affected by a member's criminal conviction?
We currently have a LLC for a real estate business. 3 members (siblings). My question is if one of the members is convicted of a crime, can the LLC be vulnerable?
Can I force the sale of my husband's LLC due to financial issues?
Can I force the sell of my husband's LLC?
Supporting LLC debts for 4 years has ruined us financially. He used all our retirement funds, children's college funds, taken out 7 credit cards and maxed them all out, used all equity in house, my health insurance was cut off due to nonpayment, uses all his income for LLC expenses, and has managed to put all accounts (credit cards, checking, savings etc) into his name only. I have no access to any money. No money for food or household expenses. I spent all of my savings keeping the household together and buying food.
My daughter helps buy me food but she is struggling to support herself while going to college full time. She is eligible for grants but has been denied because her father refuses to get his taxes filed in time. He just filed his 2004 taxes last month.
He goes to restaurants and golfs.
Federal Government has lien on our house.
He is past bankruptcy and continues to go deeper into debt while leaving me with no money to live.
Should I choose member management or manager management for my LLC?
I am creating an LLC. I will be the only member. Should I choose management by manager or management reserved to members. What is the difference with regard to taxes?