WA Bar Practice Questions - Washington Bar Examination (NextGen UBE) Exam

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A limited liability company is properly formed in Washington. A creditor of the LLC obtains a judgment against the LLC and seeks to collect from a member's personal assets, though the member committed no wrong and the LLC observed all formalities. What is the general rule?

The member is personally liable for all LLC debts The member is generally not personally liable for the LLC's debts beyond the member's investment, due to limited liability The member is liable only if the member is also a manager The member must personally guarantee all LLC obligations by law

Correct Answer:

The member is generally not personally liable for the LLC's debts beyond the member's investment, due to limited liability

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