Viewing: personal liability

Signing a Personal Guarantee Can Be Surprisingly Costly

When you own a small business, signing personal guarantees often seems like a necessary evil. Unless your company has strong credit, landlords, lenders, and others will often require you to personally guarantee your company's obligations to them. One of the most harrowing experiences I had when I set up my own law firm was signing […] Read More

Missouri State Contract Cases 2012 (Part 05): Roundup

The Missouri Court of Appeals, Western District reversed the trial court’s ruling that Zeria Lounce was individually liable for home association assessments where she had transferred her home’s title to her revocable living trust. Although Lounce didn’t inform the association of the transfer of her property to the trust, the home association and declaration of […] Read More