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[ R&R Landscaping, LLC ] R&R Landscaping, LLC , is registered as a limited liability company in Illinois. R&R provides corporate landscape design and maintenance.
R&R Landscaping, LLC R&R Landscaping, LLC is registered as a limited liability company in Illinois. R&R provides corporate landscape design and maintenance. During a large corporate project near Chicago, the driver of R&Rs bulldozer lost control, went into oncoming traffic, and caused injuries to Viktor. Viktor wants to file a lawsuit and, after research, learns that R&R is owned by Rohan, an Illinois resident, and Roland, an Indiana resident, and that R&R filed articles of organization in Illinois and a certificate of authority in Indiana.
Would Rohan and Roland likely be held liable for Viktor's injuries?
Like a corporation, LLC members' liability is limited to his or her capital investment.
LLC members are akin to limited partners, which can be liable for business debts.
Like a partnership, LLC members can be personally liable for business debts.
LLC members are similar to partners in an LLP who can be personally liable for business debts.
Like a joint venture, each LLC member is equally liable for business debts.
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