I have a rental property. I filed the articles of incorporation for an LLC to protect my personal assets. My renters are not paying. I plan on refusing to pay the property taxes, and letting the government take the house. Can the government also pursue my personal assets?
If the debt is owed by the LLC and you did not sign a promissory note or mortgage individually then it would appear that you have no personal liability.
Hope this helps.
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Normally, the property taxes become a lien against the property and do not create personal liability. Check with a real estate attorney in your area to make sure this is the case.
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You may be putting your personal credit rating at risk by doing this. As Mr. Fromm indicated, if there's a mortgage on the property, you are probably personally liable for the loan.
Before you do something foolish, talk to an attorney about your options.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.