Q: I'm buying a partner visa. I don't have anything to do with their company. Would I be held liable for whatever liabilities made by them or by the company? A: If it is an LLC company, the liability will be on your share in this company only, unless you know they do illegal business, then yes…

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Liability of partner in a limited liability company

I'm buying a partner visa, which means I don't have anything to do with their company.

In the future, would I be held liable for whatever liabilities made by them or by the company?

Nasser Malalla

Nasser Malalla Advocates & Legal Consultants

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2 Aug 2020, 10:42

If it is an LLC company, the liability will be on your share in this company only, unless you know they do illegal business, then yes, it would be your full liability.

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Liability of partner in a limited liability company