Category: Member Liability

THE LIABILITY OF LLC MANAGERS FOR PERSONAL MISCONDUCT IN MANAGING LLCS

By , February 10, 2014 12:10 pm

This very recent blog post is one of the best brief writings I’ve ever seen on the thesis that, despite the LLC statutory liability shield, LLC managers are personally liable for personal misconduct in managing their LLCs.  The Illinois appellate decision on which the post comments—which, incredibly, rejected the above thesis—is insane.