Suing Llc Without Assets

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Summary

Suing an LLC with no assets can be challenging as there may be no funds to recover. However, under certain circumstances, it might be possible to pierce the corporate veil, holding members personally liable. The cost to pierce the corporate veil varies greatly, depending on factors like attorneys fees, court costs, and the complexity of the lawsuit. Consult a local attorney for a more precise estimate.

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Is it worth suing a LLC with no assets?
Hello John, suing an LLC with no assets can be complicated.
- In general, if an LLC has no assets, there may be no funds to recover.
- However, some circumstances might allow 'piercing the corporate veil', holding members personally liable.
This is a complex area. Please consult with a legal professional for advice.
How much does it cost to pierce the corporate veil?
The cost to pierce the corporate veil varies greatly as it's a complex process. Factors include attorney's fees, court costs, and the length and complexity of the lawsuit. Consult with a local attorney for a more precise estimate.
guess
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