Operate their real estate business- avoid personal liability

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Reference no: EM131676231

James and Elizabeth formed an LLC to operate their real estate business and chose an LLC to avoid personal liability. During the year, they got busy and sometimes deposited the tenant’s rent checks into their personal checking accounts and if they needed to pay personal bills and were short of funds, they used the business account. If creditors of the business cannot get payment for their invoices, is there anything a court can do to help the creditors?

Reference no: EM131676231

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