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Of Payment of Rent, Co SignerGuarantor is Jointly, Severally and Individually Liable with Lessee Form

Of Payment of Rent, Co SignerGuarantor is Jointly, Severally and Individually Liable with Lessee Form

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Instructions and help about Of Payment Of Rent, Co signerGuarantor Is Jointly, Severally And Individually Liable With Lessee

am I personally liable if my LLC breached a lease agreement so imagine this you have an LLC and that LLC signed a contract or an agreement perhaps it was a lease to rent some office space for your business of course you're personally liable if you sign a personal guarantee but in this case you signed the lease agreement as a president of the LLC or as an agent of the LLC the LLC was the party agreeing to the terms of the lease so for example if your LLC stops paying money for rent can they go after you personally generally the answer is no that's the whole idea behind an LLC that you have limited liability essentially there is a liability Shield between you personally as the shareholder or owner of the LLC and between the LLC which may actually have liability under a breach of contract

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