Question
Can creditors go after my LLC if my personal finances are in ruin?
My personal finances are in ruin. I cannot pay my credit cards and am currently trying to find a solution. Can a creditor attach a claim on my LLC's bank account that we use for our store? I have 2 employees and the store basically just breaks even. All credit card debts are in my personal name and not the name of my LLC. I live in the State of Washington.
5 months ago - 2 answers
Best Answer
Chosen by Asker
NO they can not. If you are a registered corporation under an LLC guidelines and registered with your state attorney general office (you didn't just use some online legal scam to incorporate), then your personal finances do not affect the corporation. That is why they call it a Limited Liability Corporation, to protect the officers assets.
Source(s)
Experience.
by Sgt Big Red
5 months ago
Asker's Rating: 
Other Answers
no. your personal debt cannot effect LLC and your LLC cannot effect your personal assets. For more information check my source site.
by Gordan- 5 months ago