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Infolawyer, Attorney
Category: Business Law
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Experience:  Experienced lawyer
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If I aquire a bussines (not buy it) through my family, and

Customer Question

If I aquire a bussines (not buy it) through my family, and own stocks in the Inc. business, am I liable for any debts of the business
Submitted: 2 years ago.
Category: Business Law
Expert:  Richard replied 2 years ago.
Hi! My name is ***** ***** I look forward to helping you!
Can you clarify the situation for me a bit? Did you acquire stock in the business from your family through gift or inheritance? And, are you asking whether the business assets are at risk? Or, whether or not you have personal liability for the debts of the business? Thanks.