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314.283.8930; henry@elsterlaw.com

Partnership Property, Creditors

One of the benefits of a limited partnership is to protect against liabilities. A partner’s individual creditors cannot attach or encumber partnership property to satisfy a partner’s individual debt. Section 358.250, RSMo; Anchor Centre Partners, Ltd. v. Mercantile Bank, N.A., 803 S.W.23, 31 (Mo. 1991). This flows from a partner’s inability to assign his or […]

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Foreclosure and Sale of Membership/Ownership in a LLC

After a recent appellate court decision, it is clear that there are more liability protections for owners/members of a limited liability company (“LLC”). The “new” protection is indirect. Generally, the owners of a LLC are shielded form the debts and liabilities of a LLC. If, however, an individual has a personal judgment against him/her (even one completely […]

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