|legal help needed||<– Date –> <– Thread –>|
|From: Denise Meier (neesiesonic.net)|
|Date: Sun, 10 Dec 2000 14:33:53 -0700 (MST)|
We at Two Acre Wood want to dissolve the LLC (Limited Liability Company) we formed to build this place, and transfer the responsibility for finishing up the little items that are still outstanding to the HOA (Homeowner's Association). Has any other group done this? We tried to get some legal advice and ended up with an offer to write up a transfer document at a cost of $3500 - $4000. This seems really high, and quite possibly unnecessary. I assume other groups had this structure and then dissolved it, even though I know the LLC structure is relatively new. What we're trying to understand is whether there is some legal protection the LLC offers us that we are giving up by dissolving it, and whether we should keep it around. I mean, it has to go away at SOME point, we can't keep it open indefinitely (at $800 minimum corporate tax/year) - just for the purpose of some vague liability protection. Any comments or ideas? Thanks, Denise Meier
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