I am the owner of a LLC. That is being sued. I have read some forum posts in regard to the personal liability that I hold in the company and confused whether my personal assets are at risk. The case comes as the plaintiff alleges I damaged his company's reputation or business interests in a trademark violation. I was unaware of his business name at the time of my formation and have since written a clear letter stating that I would not be using the name ever again (which I did not register to him). This week I filed paperwork to close down the LLC and be done with it. Last week, out of the blue, he filed suit.
I have read some of the other posts regarding this and my question is will this have to go to court? Can I call his attorney and figure out what alternatives are going on here? I would hate to lose my house, car and have wages garnished that support my kids over a simple mistake on my behalf when he is seeking a 7 figure damage amount.
SMFR431
I have read some of the other posts regarding this and my question is will this have to go to court? Can I call his attorney and figure out what alternatives are going on here? I would hate to lose my house, car and have wages garnished that support my kids over a simple mistake on my behalf when he is seeking a 7 figure damage amount.
SMFR431