Good morning. My name is ***** ***** I look forward to helping you. An LLC is a limited liability. A member of an LLC has no personal liability for the debts and liabilities of the LLC. So, unless you sign an agreement with the lender specifically agreeing to be liable for this debt, you will have no personal liability for this $300,000 in loans and your assets will not be at risk. The following section of the Ohio statute provides as follows: "1705.48 Personal liability.Except as otherwise provided by this chapter or any other provision of the Revised Code, ......, all of the following apply:(A) The debts, obligations, and liabilities of a limited liability company, whether arising in contract, tort
, or otherwise, are solely the debts, obligations, and liabilities of the limited liability company.(B) Neither the members of the limited liability company nor any managers of the limited liability company are personally liable to satisfy any judgment, decree, or order of a court for, or are personally liable to satisfy in any other manner, a debt, obligation, or liability of the company solely by reason of being a member or manager of the limited liability company." Thank you so much for allowing me to help you with your questions. I have done my best to provide information which fully addresses your question. If you have any follow up questions, please ask! If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service as OK, Good or Excellent (hopefully Good or Excellent). Otherwise, I receive no credit for assisting you today. I thank you in advance for taking the time to provide me a positive rating!