Views expressed in this blog are mine alone and are not intended to represent Williamson County policy nor intended as legal advice.
Generally, corporate personhood allows companies to hold property, enter contracts, and to sue and be sued just like a human being. In fact, many times a small business owner will incorporate to protect themselves from personal liability. In other words, if you want to sue your auto repair person for faulty workmanship but the company he works for, even if he is the owner, is a corporation or LLC, you can’t sue him directly. You must sue the corporation or business.
Folks loan friends and family money all the time. Most of the time, nothing untoward happens. The money gets repaid or the loan forgiven and all is well. But sometimes, well, things go south. The money never gets repaid and relationships suffer.