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Dimitry K., Esq.
Dimitry K., Esq., Attorney
Category: Business Law
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Experience:  Run my own successful business/contract law practice.
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Absent any agreement to the contrary, who is liable for the

Resolved Question:

Absent any agreement to the contrary, who is liable for the debts of a limited liability company?
Members personally
Managers personally
Both the members and the managers
None of the above
Submitted: 4 years ago.
Category: Business Law
Expert:  Dimitry K., Esq. replied 4 years ago.
Thank you for your question.

None of the above. Absent any agreement to the contrary, the LLC itself is liable for the debts.

Good luck.
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