On Deck Capital Lawsuits in Arlington General District Court
Last week, On Deck Capital continued its onslaught of lawsuits in Arlington General District Court. On Deck Capital provides loans to small businesses. Its loan agreements contain “choice of venue” clauses providing for litigation in Arlington GDC. On Deck Capital also requires small business owners to personally guarantee its loans. So when On Deck sues a […]
Personal Liability For Business Debts
Businesses are not liable for the personal debts of the business owner. Likewise, neither is the business owner automatically liable for the debts of the business. There are two ways in which personal liability for business debts can arise: by personal guarantee or if the corporate veil is pierced. Many a business bankruptcy has also lead to […]