If I owned a business but had to shut it down, what can I do if now years later I got a call that there is a check from a vendor and it’s in my name cause the business is gone?

They only want my ID and it’s mine. I don’t want to open a can of worms with the closed business. I got audited and it was discovered that I wasn’t charging the taxes that I should have.

Asked on April 15, 2017 under Business Law, Florida


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

Trust your instincts: if they had been a legitimate vendor of yours, they would have presumably put it in your business's name; that it is in your name is a red flag, as is the fact that is surfacing years later. I used to work for the SEC, and in most cases, I discovered, if a transaction feels "off" somehow, it is.

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