Insights

Can a person be held personally liable for a California LLC’s franchise tax penalties?

Jan 9, 2014

If the LLC was properly formed, you cannot be held personally liable. However, you could be personally liable if there are “alter ego” issues regarding your LLC. As a practical matter, it’s unlikely the FTB would go after you. The LLC will eventually be suspended for nonpayment of taxes, which will have the same effect as a dissolution.

Contact Us

Zore Law on Twitter

- 20 days ago

25 min. on hold for customer service (and counting), this is starting to feel like a protocol to reduce support tic… https://t.co/aVA14HWugi
h J R

Attorney Disclaimer. Prior results do not guarantee a similar outcome.

© 2017 Zore Law. All rights reserved.