Have Legal Questions? Ask a Lawyer Now.
NO. because the NM LLC was organized as a "HOLDING" company and the operating agreement from NM specifically states "This is a multi member LLC organized for the sole purpose to hold title to property, and maintain bank accounts and specifically not engage in any business enterprise as of this date.
Our Florida LLC bank accounts were also set up as a HOLDING Company under Florida Statutes 608.501 that specifically says " A foreign Limited Libality Company who's only Principal Products or Services is just that of a Holding Company, ONLY for Banking Purposes does NOT constitute transacting business.
So we are NOT transacting business and since the LLC is a separate legal entity, the assets in it cannot be held liable for any personal debt or obligations. As a separate entity under the LLC name and EIN, no asset search on any individual member will show up.
As a "HOLDING" company for "BANKING PURPOSES ONLY" as per Florida and New Mexico statutes, we are not intermingling business expenses with personal expenses. YOUR THOUGHTS APPRECIATED