Find answers, ask questions, and connect with our
community around the world.

Forums Forums Business Is an unrelated LLC I own counted as a personal asset when personally guaranteeing a business loan?

  • Is an unrelated LLC I own counted as a personal asset when personally guaranteeing a business loan?

    updated 2 months, 1 week ago 0 Member · 1 Post
  • Katie

    Member
    March 17, 2020 at 10:50 am

    Hi all, I may be personally guaranteeing a business loan (refinance with another company) of north of $1 million for a business. I also own an LLC completely unrelated to the business getting the loan, with about $1.5 million in property/assets. Is that second business considered a personal asset in the case I am responsible for loan repayment? – by /hq/travelingtomorrow – –

Reply to: Katie
Your information:

Cancel
Original Post
0 of 0 posts June 2018
Now