I won a small claims judgment against a business. The business has really no assets to go after. Is the owner of this business also responsible for payment of my judgment award? Thank you. ...

Submitted by Dobermandog on

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Question: 

I won a small claims judgment against a business. The business has really no assets to go after. Is the owner of this business also responsible for payment of my judgment award? Thank you.

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Whether a business owner is

Submitted by Staff_Writer on

Whether a business owner is personally liable for the debts of the business in Florida depends on the legal structure of the business. For example, if the business is structured as a corporation, or Limited Liability Company the business owner is not personally liable for the judgment rendered against the business. However, if the business is a sole proprietorship or partnership, the business owner is personally liable and you may be able to try to satisfy the judgement by going after the owner’s personal assets. If you are unsure about the structure of the business you can contact the Florida Department of State, Division of Corporations and look up the business, http://www.sunbiz.org/.

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Whether a business owner is

Submitted by Staff_Writer on

Whether a business owner is personally liable for the debts of the business in Florida depends on the legal structure of the business. For example, if the business is structured as a corporation, or Limited Liability Company the business owner is not personally liable for the judgment rendered against the business. However, if the business is a sole proprietorship or partnership, the business owner is personally liable and you may be able to try to satisfy the judgement by going after the owner’s personal assets. If you are unsure about the structure of the business you can contact the Florida Department of State, Division of Corporations and look up the business, http://www.sunbiz.org/.