Business & Corporate
Am I personally liable for my company’s debts?
I run a small business as a limited liability company. If the business cannot pay a supplier, can they come after my personal savings?
Asked anonymously · 3 weeks ago · Florida, US
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658 views · 1 answers
1 lawyer answer
Generally, an LLC or corporation shields owners from the business’s debts. But there are common exceptions:
- Debts you personally guaranteed, which many leases and loans require.
- Situations where a court “pierces the veil,” for example because business and personal finances were mixed.
- Certain unpaid taxes, such as payroll taxes, in some systems.
To keep the protection strong, use a separate bank account, sign contracts in the company’s name, and keep basic records.
This is general information, not legal advice — speak to a licensed lawyer about your situation.
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