Maybe. If the limited liability company is properly set-up and operated properly so that business assets are not commingled with personal assets, the members of the llc are usually not personally liable for the debts of the llc. However, if the llc does not make the required payroll tax deposits, the IRS can come after all the responsible persons for the trust fund portion of the payroll tax deposits.
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Questions and Answers

 


Q: Can a limited liability company (llc) protect me (my assets) from the IRS?

A: Maybe. If the limited liability company is properly set-up and operated properly so that business assets are not commingled with personal assets, the members of the llc are usually not personally liable for the debts of the llc. However, if the llc does not make the required payroll tax deposits, the IRS can come after all the responsible persons for the trust fund portion of the payroll tax deposits.


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