Recent content by Joaopeixe

  1. J

    Buying into an LLC's Assets and Liabilities

    Seems like that's the consensus, thank you! Obviously I'd only need a lawyer if I wanted to continue investigating the option to become a part owner... obviously not if I just declined outright. I realize that much at least.
  2. J

    Buying into an LLC's Assets and Liabilities

    Right, thank you! I guess that's what I'm getting at. Is there a way to obtain an LLCs total liabilities? It seems like there would be, since that would have to be taken into account in any sale... is it a public record that can be accessed or would an accountant or lawyer perform that sort...
  3. J

    Buying into an LLC's Assets and Liabilities

    Thank you! This is more likely a product of my own lack of business experience and language. I said the IRS, but the state audited the business. Maybe the BOE? I just used the IRS as a stand in for government revenue collectors. Sorry to be unclear.
  4. J

    Buying into an LLC's Assets and Liabilities

    Thank you for the quick reply! Just to be clear, I haven't been fleeced (that I know of...) I am not in any debt and have contributed nothing but time and energy to this company, for which I have been compensated fairly. Sorry if I over-explained and made it confusing. At the moment, I am...
  5. J

    Buying into an LLC's Assets and Liabilities

    Hello, thank you in advance for reading my question, I appreciate the time of anyone who might be able to offer some baseline advice. I'll try to keep it short and organized and I apologize if I don't have the correct language for some of my questions. I'll do my best. The situation is this...
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