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cortrightlaw, Attorney
Category: Bankruptcy Law
Satisfied Customers: 513
Experience:  Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.
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is it possible to close down the llc. and open up a new one?

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is it possible to close down the llc. and open up a new one? then there is no one responsible for the money?

cortrightlaw : If the LLC is closed and has no assets then the creditors can no pursue the closed LLC, unless they can prove that the assets or revenues were just fraudulently transferred to the new LLC to avoid the debt.
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