nikevision
Junior Member
What is the name of your state? CA
I opened a small business in a retail office space and signed a 5 year commercial lease under my LLC but also signed a personal guarantor. I need to close my store for good but I still have 3 years left on my lease.
My landlord won't terminate the lease early. His PM told me to find a new tenant. I'm currently doing so, but can't afford to pay next months rent without a business now.
What is the worse that my landlord can do to me? Will this show up on my credit report even if its under my LLC? If I just bankrupt on my LLC will that show up on my credit report?
Since I signed the personal guarantor... can my landlord come after my personal assets like my car and home?
Should I still pay the rent? The PM sounded like they wouldn't help me find a new tenant. So I thought if I didn't pay them rent, they would be more motivated to find a new tenant.
Help!
I opened a small business in a retail office space and signed a 5 year commercial lease under my LLC but also signed a personal guarantor. I need to close my store for good but I still have 3 years left on my lease.
My landlord won't terminate the lease early. His PM told me to find a new tenant. I'm currently doing so, but can't afford to pay next months rent without a business now.
What is the worse that my landlord can do to me? Will this show up on my credit report even if its under my LLC? If I just bankrupt on my LLC will that show up on my credit report?
Since I signed the personal guarantor... can my landlord come after my personal assets like my car and home?
Should I still pay the rent? The PM sounded like they wouldn't help me find a new tenant. So I thought if I didn't pay them rent, they would be more motivated to find a new tenant.
Help!