Ask Experts Questions for FREE Help !
Ask
    Capitola25's Avatar
    Capitola25 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 6, 2008, 09:58 AM
    Can members of a Limited Liability Company be liable to return a distribution?
    Can members of a Limited Liability Company be liable to return a distribution from the Company?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Nov 6, 2008, 10:02 AM
    Hello Cap:

    You'll have to be a little more specific. What is a "distribution"?? Where did it come from? How did the "distribution" happen? WHAT was distributed? Money?? Was it a PAYCHECK? Was it merchandise?? Who wants it back? Why?

    excon
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

If a title company gives your warranty deed to the second are they liable? [ 1 Answers ]

History A girlfriend took possession of a house I purchased but was stupid enough to add her as a co-borrower or secondary borrower. We went to mediation agreeing she could have the home if she refinanced (within 90 days) it in her name, removing my responsibility, and she paid me monies for my...

Limited liability in tort claims [ 1 Answers ]

How limited liability operate in corporate groups with reference to tort claims? As I know that members are not personally liable for the debts of company, and in tort claims, it is expected that holding company liable for its subsidiaries' debts. How to explain this? Do I need to consider the...

Are officers liable for a loan to a company? [ 5 Answers ]

Up until 8 years ago I was the corporate secretary in my family business. The corporation was formed by my two sisters 25 years ago. The company took out a loan 10 years ago, and they told me I had to sign as the secretary. Now they're telling me that they paid off the loan and I owe them for my...

Who is legally liable for return of rental deposit [ 1 Answers ]

I rented a house with a signed lease agreement in New York State. The owner listed two other people as her agents on the Lease agreement. When we moved out, a month ago, the agent did the walk through and stated the deposit will be returned. The owner has not returned my deposit nor any of my...

View more questions Search