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September 2014 Archives

Guarding your John Hancock

"Never sign anything without letting your attorney review it first". This is advice many in the business community have likely heard ad nauseam from their legal counsel. As business litigators can attest, it is also advice not always heeded. This was seen often after the real estate crash, where many deep pocketed individuals had personally guaranteed speculative real estate or business endeavors, only to be pursued vigorously upon their failure. While the danger of signing a personal guaranty is still fresh in the minds of the business community, individual liability arising out of a limited liability entity can still rear its ugly head.

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