Should you need to shutter your business, dissolving your LLC is a major part of closing down your operations. Going through the proper dissolution steps can protect you from potential liabilities. In ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

Once a business owner decides to go out of business, they may not be enthusiastic about taking the time to wrap things up properly. But filing paperwork with the state and notifying creditors are ...

Nolan Shanahan and David Meglino of Cole Schotz discuss LLC dissolution and write that the decision in 'In re 1545 Ocean Ave., LLC' continues to reverberate as practitioners and the courts grapple ...

The statutes authorizing judicial dissolution of Delaware LLCs (LLC Act § 18-802) and New York LLCs (LLC Law § 702) essentially are the same: the petitioner must show that it is no longer “reasonably ...

One of the most difficult periods in the lifecycle of a closely-held company is the period following the death of an owner. Apart from having to fill whatever business responsibilities the deceased ...