LLC Mini-Case Class Results
Reasons that would have caused the individual members to be liable would be due to:
1) thin capitalization
2) individuals signed contract personally
3) fraud
4) misperceptions during rental arrangement
Here are the class results:
k
If there was a contract signed by all parties and Siva
If the members signed the lease in a personal capacity (with their names present on the lease), then they would have to pay the landlord. However, because the LLC was the listed on the lease as the tenant, the landlord cannot sue the individuals as they do not have any personal liability for the company's losses.
limited liability corporation
?
private
Maybe if it was paid for by personal money or under personal names rather than the LLC name
Related to fraud
landlord personal guarantee
the specific conditions under which members would have to pay the landlord would depend on the terms of their membership agreements, the lease arrangement between the coworking operator and the landlord, and any applicable laws or regulations governing commercial tenancy.
If damages were accrued
If they are lying about not having the funds necessary to pay for the rent.
When under contract
pc
If they broke their contract
when there's fraud involved
If the members individually signed the lease under their own names
