How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Stephen G. Your Own Question
Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 6182
Experience:  Extensive Experience with Tax, Financial & Estate Issues
30050794
Type Your Tax Question Here...
Stephen G. is online now
A new question is answered every 9 seconds

One shareholder in a corporation (C-corp) is a Delaware LLC.

Customer Question

One shareholder in a corporation (C-corp) is a Delaware LLC. The Delaware LLC is in "cease good standing" status with the State of Delaware, as it hasn't filed paperwork/taxes with Delaware in well over a year. The Manager of that LLC was another LLC, which LLC is also in "cease good standing" status with the State of Delaware. How should the corporation treat the shares of stock owned by these defunct LLCs? Is there any recourse possible?
Submitted: 1 month ago.
Category: Tax
Expert:  Stephen G. replied 1 month ago.

Hello, my name is***** goal is to give you a complete & accurate answer. I am working on your request now & I will respond as soon as possible.

Expert:  Stephen G. replied 1 month ago.

What type of recourse are you talking about?

As a regular "C" corporation, the problems of shareholders are not normally anything for the corporation to be concerned with. This is really a quite common situation.

Is there some specific problem that the "C" corporation is experiencing as a result of the status of one of it's shareholders?

Perhaps you can post some additional information and I can assist as to how you might deal with any issues this is causing.

Steve G.

Related Tax Questions