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.

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