Business issues and family partnerships

Dear Dave,My father-in-law started a business as an LLC few years ago. He named all his daughters owners, with him owning the majority share. The business failed, and now he is being sued by creditors. He told the family these creditors can’t come after us and the other siblings, because he is the majority owner. Is this true, or should we get a lawyer?Caleb Dear Caleb,Your wife is probably not […]