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Author: Dallas22 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: More on Limited Liability Companies Date: 6/25/2001 2:01 PM
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I've done some more reading on Limited Liability Companies and self-employment tax.

Read a PPC guide that gives three instances where a member is subject to self-employment tax. The first of these bullets were any partner that is personally liable for the debts of the LLC.

My question is isn't the purpose of these LLC's so that the members aren't personally liable? What am I missing? When is a partner still personally liable?

Thanks in advance
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