Because your tax debt and business license fees were made by the LLC, not you personally, I doubt that they can be fully discharged by your personal bankruptcy. Even though you are a 100% owner of the business, an LLC is considered to be a separate entity.
However, as a practical matter, if you shut down your business, the debt may be virtually uncollectiable when you file your personal bankruptcy. I would urge you to obtain qualified representation to protect your interests.
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Your business debt cannot be discharged in your personal bankruptcy, unless you have signed a personal guarantee, i.e. personally guarantee on a lease. In any event, even if the debt was dischargeable in your bankruptcy, the LLC's debt would not discharged.
Good luck to you!
Attorney's response does is not intended as legal advice is intended for informational purposes only. Attorney's response does not create an attorney client relationship. Inquirer should seek the advice of a duly licensed attorney within that particular jurisdiction.Ask a similar question
These taxes are probaly not dischargeable, but are of such a small amount that you should pay them anyway to make sure you are in good standing with the state and can end the corporation. You are not allowed to dissolve a corporation if it owes taxes, so they will continue to accrue even if they are discharable personally, which generally they are not.
Disclaimer: This answer does not constitute legal advice. I am admitted in the States of New York, New Jersey and Massachusetts only and make no attempt to opine on matters of law that are not relevant to those three States. This advice is based on general principles of law that may or may not relate to your specific situation. Facts and laws change and these possible changes will affect the advice provided here. Consult an attorney in your locale before you act on any of this advice. You should not rely on this advice alone and nothing in these communications creates an attorney client relationship.Ask a similar question