alt Hacker NewsThat system is silly.
I can open a company, work for a year, acrue debt, acrue tax debt, close it.
Nothing will happen. Company "estate" will be sold to cover the debt, which can also be nothing.
Replies
JanSt • today at 4:29 PM
No, if you don't handle this correctly you become personally liable
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throw1234567891 • today at 3:12 PM
[dead]
That's what bank underwriting is for and you will quickly find that your 0 income 0 asset llc would have difficulty borrowing.