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Asked in FL May 26, 2022 ,  0 answers

failing business

I started a business with a so called friend, She has all the loans in her name. We have an s corp. The business failed. I never signed anything saying I was responsible for 50 of the debt. Can I be held liable?

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2 Answers

Anonymous
Reply

Posted on / Nov. 04, 2007 11:19:00

Re: failing business

You should not be personally liable for a corporate debt unless you personally guaranteed the debt. Would be happy to discuss further with you if necessary.

Anonymous
Reply

Posted on / Nov. 04, 2007 11:19:00

Re: failing business

You should not be personally liable for a corporate debt unless you personally guaranteed the debt. Would be happy to discuss further with you if necessary.

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