Companies can sue you for anything. The question is whether they have a case that involves taking your ownership of your startup. Have you been making minimum p

Companies can sue you for anything. The question is whether they have a case that involves taking your ownership of your startup. Have you been making minimum payments (at least) on your credit card? If so, they won't do anything about it. Otherwise they will probably, at some point, throw you to the collections agency. The IRS is tougher, since not paying your taxes is a felony. I suggest you do everything you can to pay your backtaxes as soon as possible. And yes, of course your personal situation is a liability. Investors, should they become aware of your situation, will know that the first $50,000 or so will sink directly into your bank account, NOT the company. Therefore, your startup will have to be very compelling or the terms very good (to them) in order to make up for it. This is in addition to the signal you send, since managing scarce resources (money) is a critical skill for running a startup. Good luck.