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To: Suzy Quzy
"WHAT??? Frost’s LLC is not LEGAL???? IRS...call your office!!! Tax Evasion ALERT!!"

The LLC was formed in 1998 (if I remember correctly). In 2001, they failed to file a property tax report with the Maryland Department of Taxation. As a result of that failure, the LLC's charter was forfeited (revoked). The LLC did not file any reports thereafter, either.

Under Maryland law, the LLC can be reinstated if the reports are filed, all taxes (plus penalties and interest) are paid and the owner of the LLC requests reinstatement (along with the payment of a filing fee). Until this is done, the LLC does not exist as a separate legal entity. Mr. Frost has no protection from personal liability for work done under the name of the LLC (*this is the main reason you form an LLC, to protect your personal assets!).

164 posted on 10/09/2007 12:15:40 PM PDT by RayBob (If guns kill people, can I blame misspelled words on my keyboard?)
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To: RayBob

WELL!!! Sounds like a job for the IRS!!! Oh, I forgot....he’s a Democrat....laws are ONLY for Republicans to follow!


173 posted on 10/09/2007 1:00:23 PM PDT by Suzy Quzy (Hillary '08...Her PHONINESS is REAL!!!)
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