Don't Consider Business Debt Management Until You've Read This!

The case is a NV LLC that was doing business in CA. It is a one-member-LLC. Dissolved in both states at the end of 2007. Member's profits were reported on Schedule C as part of individual 1040 tax return.
The CA Franchise Tax Board is claiming a debt and saying that a tax lien could be filed. The LLC doesn't exist anymore, but what about that member? Could the state go against him?

I used to run my own small business from home but I now have a regular full time job. I plan on buying a home in the next 2 years & I’m wondering how hard I should work to pay down the debt from a small business I used to run (I haven’t filled out the paperwork to officially close the business).

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I bet the farm on a business venture and it went backrupt and me with a hopeless pile of debt and with my credit destroyed. I've learned to live without credit but always have a problem relocating because all RE management companies and many private landlords want a credit report. Is there any way around this?

I am a last year College student who is Very interested in going to Law school. Mind you, i i did not major in law (business management major) but i have always been told i would be a great lawyer and i have always been interested in Law but never really looked into it until now. I have one more additional semester ( 13 credits ) left before i graduate and i believe that is enough time to take the LSATS. I have a GPA of 3.4 and im a very good student but i am in over $150,000 in debt from school loans for undergrad. Would be it stupid to pursue law school and get into more debt or should i follow my dream? Please help!
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By: PizzaTony

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Our company is a startup, about 3 months into operation, but are already swimming in about $22,000 of debit ( $10,000 loan, and $12,000 credit card ), the problem being we made a few costly mistakes in the beginning, and thus here we are today.