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Asad Rahman
Asad Rahman, Lawyer
Category: Legal
Satisfied Customers: 1735
Experience:  Practicing Attorney with 10 years experience
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Im closing a small co-owned LLC with a business partner. Can

Customer Question

Im closing a small co-owned LLC with a business partner. Can we divide the money in the bank account now or do we need to wait until the state is aware or the closure? We're filing with legal zoom now to handle the dissolution, but didnt know what to do with all of our money in the bank.
Submitted: 3 months ago.
Category: Legal
Expert:  Asad Rahman replied 3 months ago.

You can do it now but be sure any state or federal tax obligations and other liabilities are addressed prior to the disbursement.

Expert:  Asad Rahman replied 3 months ago.
Let me know if you have any other questions otherwise a positive rating would be appreciated