Kalamazoo, MI asked in Tax Law and Business Law for Michigan

Q: I have an MI LLC thats two years old with no activity or sales. received a letter that I owe $29k. What do I do!?

I only got the LLC so I could start business but never did anything with it. What do I do? I cant afford that bill and Ive never used it.

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2 Lawyer Answers

A: If the debt is owed by the LLC and not you personally, I assume that the LLC will not pay it. The creditor might assert a theory for your personal liability and seek to collect from you. I would need more information in order to assess the possible outcomes. If this is a tax bill as the category of your question indicates, there may be personal liability. Your question indicates that you "never did anything with it", but with a bill for $29k there must be a creditor who disagrees.

A: Having reviewed your question again, I assume that the subject of the letter is a tax assessment. Consult with an attorney because there may ge personal liability for the tax and there is a time limit to challenge an assessment.

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