K
K3594
Guest
What is the name of your state?
North Carolina
I am invloved in an LLC with one other person, who is basically has not had any involvement in the actual running of the company in about 2 years. He would like to get out of the business, which would be fine with me, but the company which has the potential to make money is still in debt, in order for him to get out, is he liable for any of the debt incurred this far?If so, should he be required to pay his part before getting out?
North Carolina
I am invloved in an LLC with one other person, who is basically has not had any involvement in the actual running of the company in about 2 years. He would like to get out of the business, which would be fine with me, but the company which has the potential to make money is still in debt, in order for him to get out, is he liable for any of the debt incurred this far?If so, should he be required to pay his part before getting out?