Can a manager of an LLC be held liable for unpaid sales taxes?
Full Question:
Can a manager of an LLC be held liable for unpaid sales taxes for their LLC where there is a strong set of LLC management documents and a capital fund at the outset? The LLC lost a lot of money but taxes were not paid (form was filed) for 2009 and no filing in 2010 (but not closed until May). Thank you.
10/08/2010 |
Category: Taxes |
State: Missouri |
#23351
Answer:
In general, LLC managers cannot be held personally responsible for the debts of the LLC if they are acting in their capacity as a manager - even if they make mistakes / even if they are negligent (unintentional errors). However, if intentional wrongdoing (or a high level of recklessness) is proved, personal liability may attach, as intentional wrongdoing is outside the scope of their employment.
