QUESTION
Can someone find out my home address through an LLC?
Asked on Jun 13th, 2016 on Breach of Contract - New York
More details to this question:
Someone invested in my inventory at a wholesale price with the expectation that they would be paid back with profit. Unfortunately, shortly after they invested the money this product wasn't selling online like when the opportunity presented itself and I was stuck with 4000 units of this product (80k value) . I owe him more than $90,000 but I don't have any money. These business transactions were done through my business account ( I have an LLC). I currently live in NY and he lives in Utah. I plan to move to another state this month. My questions are; 1) If he refuses to accept the inventory back that didn't sell (he alluded to only accepting cash back), is it reasonable to say that he'd have a really hard time trying to get a judgement against me?
1 ANSWER
1 Award
I am not sure why you would be liable. It is an investment and the investment stunk. If the Operating Agreement provides for your liability, then it would be easy to get a judgment against you. Your address is easy to find. It would be on your credit report, at the post office, and on social media.
Answered on Jun 25th, 2016 at 3:50 PM