Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are non-member managers shielded from liability in the same way that members are?

0
Posted

Are non-member managers shielded from liability in the same way that members are?

0

While every state offers liability protection to members of limited liability companies, some states also extend such protection to employees, non-member managers, and agents of the company. However, please note that anyone who is shielded from personal liability for the normal debts and obligations of a company are not shielded from personal liability for their own negligence, recklessness, or criminal activity. Please check your state’s limited liability company statute (citation available in our State Law Digest) for information on the rules regarding the limits of the liability shield.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.