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HomeForumsGoals, Business Plans & EntitiesHow does a personal foreclosure effect an LLC that you own?
Douglas Frankow's profile image
Douglas Frankow's profile image
Douglas Frankow
  • from Pompano Beach, Florida
  • Member since Nov 22, 2012
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Douglas Frankow's profile image
Douglas Frankow's profile image
Douglas Frankow
  • from Pompano Beach, Florida
  • Member since Nov 22, 2012
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Douglas Frankow
  • Pompano Beach, FL
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Goals, Business Plans & Entities

How does a personal foreclosure effect an LLC that you own?

Douglas Frankow
  • Pompano Beach, FL
Posted Nov 22 2012, 08:47

My question is, If your in business and own an LLC that is up and running and been holding it's own for about six years, but now find that a loan taken out personally but is now about to fall in default. How does it effect your LLC? Could your company be drawn into call on a foreclosure?

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