Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Hi - my name is ***** ***** I'll be glad to assist.
In the event that you sign the lease as the corporation/LLC only and NOT INDIVIDUALLY, then you would not be personally liable for the debt in the event that the business fails. Therefore, your personal assets/property would not be exposed to liability.
However, if you are required to sign a personal guaranty, then you would be liable for the obligation.