2006-11-02 05:48:42 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If you are a principal partner or a sole owner, you have personal liability and the bankruptcy will be reported in your personal name as well with all the attendant repercussions..
2006-11-02 05:52:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Just to be clear on the last comment. If you are in an S-Corp then you would be personally liable. If you are in an LLC, then only your investment is up for risk, unless what you did was the result of the bankruptcy, the creditors could come after you (much like an LLP). If incorporated another way, you should be okay.
2006-11-02 13:15:19 · answer #2 · answered by dirtypanda 1 · 0⤊ 0⤋
If you have anything in your name, then yes. If you made a coporation, where the company is a seperate entity, then no.
2006-11-02 05:56:58 · answer #3 · answered by Xander 4 · 0⤊ 0⤋
Only if any thing the corp. may have financed in your name.
2006-11-02 05:53:56 · answer #4 · answered by golferwhoworks 7 · 0⤊ 0⤋