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I was a member of an llc in tx and sold my share to the other members. Apparently they never paid the inventory taxes and now I'm being sued as well. I know live in florida, could a lien be placed on my property and be forced to sell it? and are they likely try to freeze my bank accounts and seize my personal property?
Thank you for giving me the opportunity to assist you. I encourage you to ask me for clarification, if you are not clear with my Answer.
Question: I was a member of an llc in tx and sold my share to the other members. Apparently they never paid the inventory taxes and now I'm being sued as well. I know live in florida, could a lien be placed on my property and be forced to sell it? Response 1: No. The LLC is a separate legal entity. Your personal assets cannot be used to satisfy the debts of the LLC. and are they likely try to freeze my bank accounts and seize my personal property? Response 2: No. LLC is a separate legal entity. Your personal assets cannot be reached to enforce the obligation of the LLC. This is one of the primary reasons of forming an LLC.
One last question, the suit was addressed to me d/b/a the business instead to the llc d/b/a the business does that make a huge difference? I've addressed that to the atty and says that could get change at an additional fee
One last question, the suit was addressed to me d/b/a the business instead to the llc d/b/a the business does that make a huge difference? I've addressed that to the atty and says that could get change at an additional fee Response: Yes, it does. You should not be sued in your individual capacity for a business debt. The opposing counsel must change it—must correct this significant mistake or you should file a response and ask the Court to remove your name because you are not personally liable for the debt of the LLC. The Plaintiff is suing the wrong party, you as an individual for a business debt.
Experience: Licensed in Massachusetts and New York