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Loren, Attorney
Category: Business Law
Satisfied Customers: 33502
Experience:  30 years experience representing clients .
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How do we dissolve a LLC All that the LLC is worth is its

Customer Question

How do we dissolve a LLC? All that the LLC is worth is its furniture. Do we have to get an appraisal of the furniture before selling or can we just sell it and get what we can to pay off any remaining debt? Does he have any rights to see any of the bank records after he was removed from the LLC for his actions against the LLC... prior his removal he had all the records because he was keeping them.
Submitted: 6 years ago.
Category: Business Law
Expert:  Loren replied 6 years ago.
You dissolve an LLC by filing articles of dissolution with the Secretary of State.if a former member files for an accounting of the LLC the court can order production of the bank records. You do not need an appraisal of the furniture if the sale price is around market value for used furniture.