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We are an LLC operating a restaurant in California. Once the mortatorium ends and if we are not able to pay rent, would each of the members of the LLC be responsible to pay the outstanding rent?
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Based on the above, I would say no. Only if the members signed a gurantee would they be liable. But I would need more information to give a definitive answer.
Answered on Dec 28th, 2020 at 5:34 AM