Am I still liable to pay my partner if the company goes under?
My partner and I each had 50% ownership of our LLC. We created an agreement where he would get paid $4,500 a month for 12 months as his share of the company. Now he is leaving the business. If the company goes under within that timeframe, am I still liable to pay him afterward?
Thank you for any answers!
Expert Answers
Sort by Date
Sort by Votes