IMO, what is being referred to is a partnership or sole proprietorship in which the person is the company. This means they are responsible to pay all debts or outstanding invoices with their personal assets. If this was either of the above business structures, it would be the business owner's responsibility to pay that expense.
LLC and corporations are structured different. LLCs and corporations provide shareholders with limited liability. This means that shareholders can only lose the capital contributed to the company. So, if there are debts outstanding or expenses needed paid, only the assets of the company are used to pay those debts and that is it, shareholders are not responsible to make up the difference. In this case, the money for filings must come from the company either having assets, in this case cash, from operations or raising the money through equity or debt financing to pay that invoice.
Two other points for Jerry:
1. He is an employee of the company. The title of CEO means he has a responsibility of the direction of the company, not to personally guarantee all expenses will be covered.
2. Jerry does own shares in the company and as a shareholder the limited liability applies to him.
IMO
The fault-finder will find faults even in paradise. -Henry David Thoreau
