LLC In Chapter 7 Bankruptcy Not Obligated to Remit State Taxes on Behalf of Out-of-State Members
In Business Law Today, Jonathan M. Stemerman and I have published a short review of the decision rendered In Re: North Carolina Tobacco International, LLC, 2020 WL 4582282 (Bankr. M.D. N.C. Aug. 10, 2020), which addresses the fact situation of a state law requiring an LLC to remit estimated payments on behalf of out-of-state members when the LLC is in bankruptcy. Cutting to the chase, the court held that the LLC in bankruptcy was not subject to this obligation.
HERE is a link to that article.