Jess and Keri are members of Livewire LLC, a limited liability company. In most situations, with respect to Livewire's debts, Jess and Keri are shielded from

Question

Jess and Keri are members of Livewire LLC, a limited liability company. In most situations, with respect to Livewire's debts, Jess and Keri are shielded from​

Quizplus · Accepted Answer

As members of a limited liability company, Jess and Keri are shielded from personal liability for Livewire's debts. This means that in most situations, their personal assets cannot be seized to pay off any debts or legal judgments against the company. However, they may still be held liable for the company's debts if they engage in fraudulent or illegal activities or if they personally guarantee a debt.

Jess and Keri Are Members of Livewire LLC, a Limited