Recent content by mikef

  1. M

    Auto Loans Car lease with an LLC as primary, with one member as co-signer

    Thankyou Des - your reply included everything we needed to know to move forward with a constructive plan.
  2. M

    Auto Loans Car lease with an LLC as primary, with one member as co-signer

    Thanks for the reply, but note the last line of my question - we are not considering putting the LLC in to bankruptcy, we prefer an orderly closure. So my question is more aimed what exposure the other two members of the LLC have with respect to the car lease, in the event the LLC is not put in...
  3. M

    Auto Loans Car lease with an LLC as primary, with one member as co-signer

    We have an LLC, with three members, with one of the members leasing a vehicle (from Toyota). The LLC is the primary on the lease, and the member that drives the vehicle is the co-signer. The lease is about half way through a 36-month term If the LLC were to cease trading, which entity would...
See more
Back
Top