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    #1

    Business Personal Property Tax

    I emailed my attorney on this and am waiting for a reply but wanted to put it out there and see if anyone here had dealt with this.

    My business went under last Fall. I stopped paying everything in September and the main company financing my equipment sent me a notice of private sale in November (they had a lien on all the LLC's equipment). Chapter 7 (for me and the business) in November, discharged in February. Fast forward to now; the town (in CT) keeps sending me delinquent tax statements for the business personal property. They are addressed to the LLC. I spoke with them over the summer and they stated that the taxes weren't discharged. I told them that may be, but that the LLC is closed (and the financing company now owns the equipment), and I no longer have any personal connection to this debt.

    Two questions. 1) Am I right? 2) What can they do anyway; can they come after me, or just the property?

    Again; I am going to get with my attorney on this, but I wanted to know if anyone else had dealt with this and what happened.

    Thanks.
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    #2
    LLC = Limited Liability Company".. The real issue here is the town's definition or interpretation of the word "Limited Liability". Does it imply that you have a "limited" liability in paying its taxes/debts (full or partial) or "ZERO" liability" for taxes/debts (none or partial) to anyone/entity at all (even after you disolved)?

    Google & See...

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      #3
      Originally posted by BKOnce View Post
      LLC = Limited Liability Company".. The real issue here is the town's definition or interpretation of the word "Limited Liability". Does it imply that you have a "limited" liability in paying its taxes/debts (full or partial) or "ZERO" liability" for taxes/debts (none or partial) to anyone/entity at all (even after you disolved)?

      Google & See...
      Agreed. I've been Googling and Binging myself silly. Most jurisdictions definitely expect you to pay, but it is unclear what they can do to you personally if you don't. I obviously couldn't care less if they go after the equipment, which hasn't been in my possession since last year, but I wonder if they have the ability to go after my wages or some other shenanigans. Guess I'll just have to wait and see what my attorney says.

      Comment

        #4
        Originally posted by BKOnce View Post
        LLC = Limited Liability Company".. The real issue here is the town's definition or interpretation of the word "Limited Liability". Does it imply that you have a "limited" liability in paying its taxes/debts (full or partial) or "ZERO" liability" for taxes/debts (none or partial) to anyone/entity at all (even after you disolved)?

        Google & See...
        Thanks for educating me also...

        Comment

          #5
          Notify your town you are no longer in business and the date the business stopped being a business. This should stop them from trying to collect on the business personal property (tax).
          Golden Jubilee was a year-long celebration held every 50 years in which all bondmen were freed, mortgaged lands were restored to the original owners, and land was left fallow: Lev. 25:8-17

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            #6
            I thought when I spoke, in person, with the tax collector this summer that it would take care of it...and I haven't heard anything else from the Constable who had a warrant this Spring, but maybe I have to go talk with them again.

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