In response to a question asked in class, I have done some research into whether a managing member of a Florida LLC is personally liable for the obligations of the LLC (you'll remember this question came up because the General Partner of a Limited Partnership is personally liable for obligations of the Limited Partnership).
The answer is that managing members of a Florida LLC are not generally personally liable for the debts of their LLC. Except as provided in Chapter 608, Florida Statutes, the managing member of a Florida Limited Liability Company is NOT liable, solely by reason of being a member or serving as a manager or managing member, under a judgment, decree, or order of a court, or in any other manner, for a debt, obligation, or liability of the Limited Liability Company.
For a complete review of the benefits of forming an LLC in Florida, click on this very helpful link.
Post a Comment