Quote:
Originally Posted by tis
Yes i agree they most likely signed a personal guarantee, and would be responsible for any loans or obligations, but if they did, it makes you wonder why they even ran the business as an LLC. But I can't imagine a bank loaning that kind of money without having a personal guarantee. That's what I'm wondering since it was allegedly a wrongful act, could the LLC and therefore the real estate, be taken and sold to pay accusers. I guess as you said, it will get sorted out.
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Because if something happened at the marina like someone fell down and got hurt, or they dropped a boat and damaged it, the liability would be limited to the marina and their insurance company, and not them personally. However when coupled with the alleged crimes that changes things.
Obviously, you can sue anyone, but getting a successful outcome in court may be a different thing. (OJ told me that)