The other 20% is split among 4 others with none owning more than 6% and they are not involved in the business.
I guess my question really is, could the personal assets of partner C be vulnerable? It is my understanding that only "partnership" assets would normally be subject to...
There are three equal individual partners (A, B, and C own 5% each) and one LLC (85%) in this partnership. Two of the individual partners (A & B) also own approx. 80% of the LLC.
A & B have signed personal guarantees separately and together on some of the partnership's debt. The business is in...