i work(ed) for a company that the owner set up as an LLC. I am assuming it is in the state of Rhode Island. In the 8 months of business he has bounced several checks to suppliers and employees (mine included). He may have also not deposited withholding and other taxes with the Fed. He is under indictment in S. Carolina for passing bad checks (a supplier swore out a complaint). I understand he is declaring bankruptcy or has declared bankrupty. My questions are:
1. he thinks as an LLC he is protected personally from the above acts- is he?
2. has he broken any Federal laws by bouncing paychecks?
3. do i have any legal recourse short of a lawsuit?
4. under bankruptcy laws where do i fall in line in regards to my commissions and paycheck?
1. he thinks as an LLC he is protected personally from the above acts- is he?
2. has he broken any Federal laws by bouncing paychecks?
3. do i have any legal recourse short of a lawsuit?
4. under bankruptcy laws where do i fall in line in regards to my commissions and paycheck?