QUESTION
Do you need an official LLC to sign a commercial lease without having personal liability?
Asked on Aug 18th, 2016 on Commercial Real Estate - New York
More details to this question:
We are waiting on a certificate of incorporation. Can we sign a commercial lease before this is final (using the name)?
1 ANSWER
1 Award
You can structure the tenancy however you want, but most landlords will require what is called a personal Good Guy Guaranty for personal liability even if the LLC is the tenant.
Answered on Aug 20th, 2016 at 6:13 AM