Corporate Dissolution in Pennsylvania - Revision history

Josephdebarberie: /* Limited Liability Companies (LLC) */

2023-10-04T17:48:55Z

‎Limited Liability Companies (LLC)

Josephdebarberie: /* Limited Liability Companies (LLC) */

2022-07-01T14:49:59Z

‎Limited Liability Companies (LLC)

Josephdebarberie: /* Limited Liability Companies (LLC) */

2022-07-01T14:35:09Z

‎Limited Liability Companies (LLC)

Josephdebarberie: Created page with "==Limited Liability Companies (LLC)== Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees..."

2022-07-01T14:24:42Z

Created page with "==Limited Liability Companies (LLC)== Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees..."

New page

==Limited Liability Companies (LLC)==
Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees owning the rights to receive a majority of distributions as transferees give consent to admit at least one Member.<ref>15 Pa.C.S. § 8871(a)(3).</ref>

← Older revision		Revision as of 17:48, 4 October 2023
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−	~~==Limited Liability Companies (LLC)==~~	+	#REDIRECT [[Entities in Pennsylvania]]
−	Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees owning the rights to receive a majority of distributions as transferees give consent to admit at least one Member.<ref>15 Pa.C.S. § 8871(a)(3). An individual is dissociated as a Member upon death, or under other listed circumstances. 15 Pa.C.S. § 8861.</ref> A dissolved LLC continues after dissolution only for the purpose of winding up, and may, but is not required to, file a certificate of dissolution.<ref>15 Pa.C.S. § 8872(a), (b).</ref> An LLC in the process of winding up may transfer the company's property.<ref>15 Pa.C.S. § 8872(b)(2)(iv).</ref> If the dissolved LLC has no members, the personal representative, guardian, or other person authorized to act on behalf of the last person to have been a member may wind up the LLC.<ref>15 Pa.C.S. § 8872(c).</ref>

← Older revision		Revision as of 14:49, 1 July 2022
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	==Limited Liability Companies (LLC)==		==Limited Liability Companies (LLC)==
−	Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees owning the rights to receive a majority of distributions as transferees give consent to admit at least one Member.<ref>15 Pa.C.S. § 8871(a)(3).</ref> A dissolved LLC continues after dissolution only for the purpose of winding up, and may, but is not required to, file a certificate of dissolution.<ref>15 Pa.C.S. § 8872(a), (b).</ref> An LLC in the process of winding up may transfer the company's property.<ref>15 Pa.C.S. § 8872(b)(2)(iv).</ref> If the dissolved LLC has no members, the personal representative, guardian, or other person authorized to act on behalf of the last person to have been a member may wind up the LLC.<ref>15 Pa.C.S. § 8872(c).</ref>	+	Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees owning the rights to receive a majority of distributions as transferees give consent to admit at least one Member.<ref>15 Pa.C.S. § 8871(a)(3). An individual is dissociated as a Member upon death, or under other listed circumstances. 15 Pa.C.S. § 8861.</ref> A dissolved LLC continues after dissolution only for the purpose of winding up, and may, but is not required to, file a certificate of dissolution.<ref>15 Pa.C.S. § 8872(a), (b).</ref> An LLC in the process of winding up may transfer the company's property.<ref>15 Pa.C.S. § 8872(b)(2)(iv).</ref> If the dissolved LLC has no members, the personal representative, guardian, or other person authorized to act on behalf of the last person to have been a member may wind up the LLC.<ref>15 Pa.C.S. § 8872(c).</ref>

← Older revision		Revision as of 14:35, 1 July 2022
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	==Limited Liability Companies (LLC)==		==Limited Liability Companies (LLC)==
−	Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees owning the rights to receive a majority of distributions as transferees give consent to admit at least one Member.<ref>15 Pa.C.S. § 8871(a)(3).</ref>	+	Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees owning the rights to receive a majority of distributions as transferees give consent to admit at least one Member.<ref>15 Pa.C.S. § 8871(a)(3).</ref> A dissolved LLC continues after dissolution only for the purpose of winding up, and may, but is not required to, file a certificate of dissolution.<ref>15 Pa.C.S. § 8872(a), (b).</ref> An LLC in the process of winding up may transfer the company's property.<ref>15 Pa.C.S. § 8872(b)(2)(iv).</ref> If the dissolved LLC has no members, the personal representative, guardian, or other person authorized to act on behalf of the last person to have been a member may wind up the LLC.<ref>15 Pa.C.S. § 8872(c).</ref>