management of the company without becoming personally liable for the entity’s debt. Id. [¶ 11] Although a majority of members and owners of the M.A.H.D. Group could take action on its behalf to render it liable for its debt, see N.D.C.C. § 10-32-42, there is a difference between the company itself being hable for its debt and individual owners of the company being personally liable for its debt. Under N.D.C.C. § 10-32-29 and the articles of organization of the M.A.H.D. Group, owners and members of the limited liability company generally are not, merely because of that status, personally liable for a judgment, decree or order of a court, or in any other manner for a debt, obligation or liability of the company. See Water, Waste & Land, Inc. v. Lanham, 955 P.2d 997, 1001-04 (Colo.1998) (<HOLDING>). [¶ 12] Moreover, the operating agreement for
holding owner of company qualified as an employer due to inter alia his authority to hire and fire employees and overall financial control of company holding that statements of a company vice president were admissible against the principal owner of the company under fedrevid 801d2d as an admission made by the partys agent or servant concerning a matter within the scope of the agency or employment holding that liability to the insured for acts or contracts of an insurance agent within the scope of his agency with a full disclosure of the principal rests on the company holding owner of limited liability company may be personally liable to third party if owner acts as agent for company and fails to disclose existence and identity of principal holding principal liable to third party for tort of agent despite lack of privity between principal and third party