Question

  02/14/13, 1:01 pm
My husband and I owned a company. If the company gets sued, can they come after our personal belongings like our house since the company is in both our names? Should I removed my name from the comapny?
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United States   |   Michigan  |  Business Law
Cost: Free

Answer

Tara Nichol Says:

Feb 22,2013 3:14 PM

Is your company incorporated or an LLC? If not, you may consider doing so to protect your liability. Having a business entity forces a plaintiff to sue the company first before suing any members of the company individually. Since you have these concerns, you may want to talk to a business attorney to discuss your options.

The attorneys at Nichol & Doering, PLLC are licensed only in the State of Michigan. All answers provided relate only to Michigan law and are made for general information purposes ONLY. They are NOT intended to be legal advice and are NOT intended to create an attorney-client relationship between Nichol & Doering, PLLC and any readers or subscribers of this site.


Tara Nichol
Nichol & Doering, PLLC
1650 Kendale Blvd. Suite 110,East Lansing, MI 48823
517-583-0520
http://www.nicholdoeringpllc.com

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