Legal Question in Business Law in Arizona
Llc
I recently took on a partner in my insurance agency ( an LLC) . I have since find out that he has not filed state taxes for years and has an arrangement with federal IRS.
Is this a personal issue or is my LLC at risk
Asked on 10/12/07, 12:38 pm
1 Answer from Attorneys
Debra Palomino
PALOMINO LAW FIRM, P.C.
Re: Llc
If your partner has membership interest in the LLC, then his interest is subject to his personal creditors.
Answered on 10/12/07, 1:00 pm
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