by Karin on April 28th, 2009

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I personally signed a credit application for my business, putting down my business EIN number and not my personal SS number. Now I am being sued for having taken over personal guarantee for unpaid business bills? Is that legal?

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by Yarnlady is happy every day on May 28th, 2009
If you bought a business from someone else, I hope you used a lawyer. If not, get one now. Read the purchase agreement, because that is what you have agreed to.
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I personally signed a credit application for my business, putting down my business EIN number and not my personal SS number. Now I am being sued for having taken over personal guarantee for unpaid business bills? Is that legal?

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Did I sign personal guarantee although I just put down the business EIN number and not my personal SS number on a credit application. (I signed the application, as somebody has to. That time I had no SS number in the US)

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I personally signed a credit application for my business, putting down my business EIN number and not my personal SS number. Now I am being sued for having taken over personal guarantee for unpaid business bills? Is that legal?

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