The general rule is that owners of a limited liability company are not personally liable to third parties for the debts,obligations,and liabilities of a limited liability company beyond their capital contribution.

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The limited liability protection is one of the main advantages of forming a limited liability company (LLC), and it generally shields the individual owners (called members) from personal liability for the company's debts and obligations. However, there are some exceptions to this rule, such as if the member personally guarantees a debt, commits fraud, or behaves negligently or recklessly.

The General Rule Is That Owners of a Limited Liability