0
NJ If you have an llc and file a chapter 7 can they sue you as an individual?
Wiki User
∙ 15y ago
If YOU file than yes...and your interest/ownership of the stock in the LLC is an asset that may be used to pay your personal debts/liabilities. If the LLC files, than your personal assets aren't involved...of course your investment in the LLc will likely become worthless....and there will be an e review to make sure that self serving transactions weren't done. Finally, normally, until a business (the LLC) is well established, any loans/leases, etc someone makes to it tey require you to sign for personally too....so you would be personally liable for them anyway.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
How do you file taxes if you are a limited liability company?
It depends. Unless the owners of the LLC elect to have it treated as a corporation, then an LLC which has at least two members is treated as a partnership and files a partnership tax return, Form 1065. If there is only one member of the LLC, then the IRS disregards the LLC as a separate tax reporting entity entirely. If the single member is an individual, then the member reports the LLC's income and deductions on the individual's person 1040, usually on Schedule C (for a business) or Schedule E (for real estate). If the single member of the LLC is a corporation, partnership or trust, it likewise files the information on its entity tax return (1120, 1120 S, 1065, 1041, etc...) If the members of the LLC file an election, the LLC may be treated as a corporation or an S corp. In that case, the LLC would file an appropriate return (Form 1120 or 1120 S).
Can you sue the board of occupational therapy?
Well, of course. You can file a law suit against anybody for anything. One fool individual even sued God.
Can adults sue a parent's estate when they contributed nothing in raising you?
You can only sue the estate for the actions of the estate/executor. Any right to sue the individual expires when the individual dies.
IS it possible for individuals to sue a polititcal party?
That might depend on the specific country in which you live, but in general, I don't see why not. In general, an individual can sue another individual, or an organization. In some countries it is even possible for an individual to sue the government.
How do you sue another persons insurance company for an accident that was their fault?
You don't. You sue the individual. The insurance company is obligated to take care of the obligations of the individual.
How do you garnish someones wages?
Sue the individual in the appropriate court and if you prevail you will receive a judgment writ. You then file the writ with the court clerk as a wage garnishment and have the garnishment order served on the employer of the debtor.
How do you sue answers com?
Go to court and file a case.
If someone stabs me and i die do i sue them?
No. How can you sue someone if you're dead? Your heirs could file a wrongful death lawsuit.
Can you file charges for being sued when the plaintiff lied in filing the suit?
You can file a counter suit or sue for damages. You should consult with an attorney who can review your situation and explain your rights and options.You can file a counter suit or sue for damages. You should consult with an attorney who can review your situation and explain your rights and options.You can file a counter suit or sue for damages. You should consult with an attorney who can review your situation and explain your rights and options.You can file a counter suit or sue for damages. You should consult with an attorney who can review your situation and explain your rights and options.
What is the maximum recovery amount in small claims court in California?
In California, the maximum recovery amount in a small claims case depends on who is doing the suing and how many other cases the person suing has filed in small claims court. An individual suing another individual or a corporation can sue for $7,500 or less. A corporation suing an individual or another corporation can only sue for $5,000. An individual or corporation can file an unlimited number of claims for up to $2,500 each, but can only file two claims in a calendar year that ask for more than $2,500. For more information on small claims cases in California, see the related link.
How can you sue someone in Iowa I live in Kentucky?
You can file a lawsuit in the jurisdiction in Iowa. You may be able to file by mail.
How do you sue your Union for misrepresentation in OHIO How long do you have to file?
You will have to consult a lawyer.
