LLC Their Mistake

After the retailer filed for bankruptcy one couple was left with a warehouse full of abandoned mannequins and a price tag of nearly $250,000 to dispose of it.

This couple made many, many mistakes. I could not find that they were any part of a current registered LLC in Massachusetts or Connecticut, which was the most grievous error.

This makes them personally liable for debts and costs, which is why theyโ€™d be selling their home to deal with this. You should never do this. Thereโ€™s a reason LLCs are used and that they didnโ€™t spin one up is totally on them.

Also, buying a commercial warehouse as your sole source of income? Another version of the landlords who make risky investments and complain when they donโ€™t pan out. Sucks to be them, but they did it to themselves.

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