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    GaleDudley's Avatar
    GaleDudley Posts: 1, Reputation: 1
    New Member

    Oct 12, 2006, 06:41 AM
    Transfer of Liabilities
    How can a LLC transfer liabilities to a Corporation? They have the same owner.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member

    Oct 12, 2006, 08:50 PM
    That is funny, seeing that a corporation has limited liability, but that does not exist for the general partner(s) in a LLC.

    If the LLC owed my company money, they owe it.

    If you wish to transfer, have the corporation take out money, and give it to the LLC. Then have the LLC pay off the debt to my company.

    Now, the original debt is gone and the corporation owes money to someone for the amount.

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