What should I do

2 Replies

Jump to latestLatest
  • Henry ClarkPro Member
    Developer · Member since 2020 · 4k+ posts · 4k+ votes
    2y

    The LLC part is easy either way. Do you also have an Operating Agreement for it? That is where you need to spend the most effort.

  • China, ME · Member since 2014 · 3k+ posts · 4k+ votes
    2y

    Check to see if your old LLC is even still active on the state's roster.

    I know where I used to have mine (MA), it would be "administratively closed", i.e. dissolved, if you didn't file your annual reports and other paperwork timely.  I think it was 3 years before the Secretary of State would close it, but that's a distant memory.  That probably also varies by state.

    If it was administratively closed, you might had some significant expense to resurrect it - like paying 10 years of back fees and filing 10 years of back reports.  Again, check with your state.

    I suspect that it would be cleaner and easier to just start a new one.  Especially if there's any chance of latent liability.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.