By Scott Riddle Posted in Chapter 11,Chapter 13,Chapter 7If you own a small business that is organized as a corporation or limited liability company you probably understand that you are generally not personally responsible for the business debts unless you agree to be responsible (for example, personal guarantees). However, one exception to the rule is personal liability for payroll taxes that should… Continue Reading
By Scott Riddle Posted in Chapter 7I frequently get calls from individuals who own small or mid-size businesses that are experiencing financial difficulties and need to close their doors. They often assume that they should file a bankruptcy petition on behalf of the business if it is a separate business entity. Often, filing the petition for the business does no good,… Continue Reading
