Michelle H. asked
I have started a new C Corp in Texas and want to buy a service van to establish corporate credit. My father is willing to co-sign on the loan, but he faces possible liens for unpaid back taxes. If he co-signs, could the service van be subject to a lien? If the corporation pays all payments on time and the vehicle is titled in the corporation's name, wouldn't it be exempt from attachment by the IRS?
August 22nd, 2023
Warren G. answered
If your father co-signs the loan, the creditor can pursue either you or your father for the debt if ...
August 22nd, 2023
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