A close friend approached you to talk about their plan to form a limited liability company to purchase a condominium complex near Cocoa Beach in Florida. Your friend is asking you and several family members to invest \($10,000\) each in this company. The asking price for the condominium complex is \($5\) million. Your friend hopes to convince 50 people to invest \($10,000\) each, which will raise \($500,000;\) they intend to borrow the remaining \($4.5\) million to close the deal. “I don’t mind investing the \($10,000\) but I’m really nervous about being on the hook for a \($4.5\) million loan if the deal goes bad,” you note to your friend. In response, your friend insists that all you would have at risk is \($10,000\) and that you would have no liability for anything else. Is your friend right or wrong about this? Explain your answer.