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Old 12-19-2006, 05:10 AM
sdsusanne sdsusanne is offline
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Default Help with Closing

Ok, me and a partner have an llc. After several months of losses and not being able to turn things around, we decided to close the company. The problem I see is that we still have some outstanding debts. The biggest one being a copier lease, which we have been told that if we cancel, we have to pay the entire lease which is somewhere around 20,000. Obviously we don't have that kind of cash. When the llc closes, are the debts included or do me and my partner personally have to pay them, and if that's the case, if we can't pay, then what happens???
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