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Wouldn't you own the stock in that new business? I'm not sure as I'm not a tax or corporate specialist but I think that the problem you have is that you are trying to avoid liability for payroll taxes. From what I know, the IRS holds all business owners personally liable for payroll taxes, including an S-Corp. Hence you will ultimately have a problem in the end for something you cannot avoid.I had to sell my business which was an S-Corp due to divorce and I am liable for the payroll taxes owed. I want to open another business (S-corp) and would like to know if the IRS will put a lien on the new business or just take what is in the bank account?