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Forum (Forum & Focus)

Oct. 29, 2008

In an Uncertain Economy, Lawyers Should Keep an Eye On LLC Clients

In the present business climate, keeping a vigilant eye on the financial well-being of clients who are members of an LLC is simply good business, writes Don Chomiak. - Forum Column

FORUM COLUMN

By Don Chomiak

As credit becomes harder to come by and both businesses and individuals are feeling the pinch, members of California limited liability companies and the attorneys who represent them should keep a closer eye on the financial well-being of their fellow members. Not doing so could land your client in a corporate "marriage" to which they never consented and the divorce will likely be expensive. Not long ago, I represented a...

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