Miami, FL asked in Business Law for Florida

Q: Newly opened Fla. LLC, no assets, no returns, is being sued for liability. Are the owners of LLC personally protected?

We just opened a Florida LLC consisting of two partners. No agreements or any LLC documents were created yet. The LLC has no assets and did not file any returns. There was an incident at the location where we provide services at and our LLC is named in the liability lawsuit. We receive conflicting recommendations to continue with this LLC or to close it. We need to find out if our LLC will protect us and our personal assets should the suing party decide to go after the owners of the LLC personally.

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1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick
  • Tallahassee, FL
  • Licensed in Florida

A: You should immediately hire a insurance defense lawyer to review all the documents and details before doing anything.

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