Does a surety bond have personal liability?
Question Details: If your business is incorporated as an LLC, do you have personal liability if the company defaults or is dissolved?
It depends on whether you issued or signed the bond only as the LLC (e.g. signing it as "Managing Member, LLC" or "President, LLC" or something else to that same effect) or in your personal capacity (just your name, not as a member/officer of the LLC). If only by the LLC, then only the LLC is liable; if personally, then you are liable. With an LLC, members or managers are only personally liable to the exent they personally assume or take out the obligation.
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