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When I signed a commercial lease I was told the LLC protected my personal assets, house and savings. 8 months later I was told in Georgia that is not true. Now I am renegotiating my lease, my landlord will not cap or remove the guaranty and in the negotiation wants to increase my time in the lease to reduce my rent. I feel like I am being set up to fail and harming my family. I want out all together and he will not give me a buyout number.
When I signed the personal guaranty I was told it ensures I will pay my rent from Colliers. I said oh I am an LLC so I am fine. Nobody explained this to me. Do I have any options for a buyout?