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re: Avenatti Hit With More Unpaid Debt. Owes Dillanos Coffee CEO $110,000 for unpaid bills

Posted on 11/2/18 at 11:03 am to
Posted by AggieHank86
Texas
Member since Sep 2013
42941 posts
Posted on 11/2/18 at 11:03 am to
quote:

With which particular facts do you take umbrage?
The article says that Avenatti owes money to a supplier for a corporation in which he is a shareholder. Shareholders are not normally liable for corporate debts, so I am asking whether he gave a personal guarantee.
Posted by narddogg81
Vancouver
Member since Jan 2012
19753 posts
Posted on 11/2/18 at 12:57 pm to
quote:

The article says that Avenatti owes money to a supplier for a corporation in which he is a shareholder. Shareholders are not normally liable for corporate debts, so I am asking whether he gave a personal guarantee.

Where does the article say it's a publicly traded corporation, or even an LLC?

quote:

Avenatti’s ownership and management of Tully’s Coffee
Posted by scrooster
Resident Ethicist
Member since Jul 2012
38017 posts
Posted on 11/2/18 at 1:51 pm to
quote:

The article says that Avenatti owes money to a supplier for a corporation in which he is a shareholder. Shareholders are not normally liable for corporate debts, so I am asking whether he gave a personal guarantee.

It's been fairly well reported that he gave a personal guarantee when he bought out Tulley's. All you need do is Google, or DuckDuckGo, for pertinent facts pertaining to all of this.
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