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Liability for Torts and Other Obligations

Owners and managers of limited liability entities are never completely shielded from personal liability. For instance, laws that govern these types of entities do not generally shield owners or managers from liability for torts that are committed while the person is acting on behalf of the business. Whether a business owner or manager is shielded from liability with respect to his or her involvement in the business depends on the type of limited liability entity and the individual state law that governs that type of entity.

Inside Liability for Torts and Other Obligations