After selling, how long to wait before dissolving the LLC?

[David Kim]

I owned a commercial building under an LLC. I recently sold the property!

So now I have an LLC without any assets, from which I've grabbed the proceeds.

I'll keep it active at least until tax filing is complete for this year, to capture this activity.

The question is: Is it recommended to keep it active longer (e.g. in case any unforeseen lawsuit crops up, it'd be good to let the corporate veil be there and protect my personal assets)? Or, would you normally just get the LLC dissolved and not bother renewing the license, etc.?

Keeping it active for maybe 3 years seems wise, though the overhead of it being there (mainly the cost of tax prep for a "no-op" business entity) might be a little high, and I don't like the idea of burning all that cash for nothing.

What do you typically do with a leftover "123 street address, LLC" type entity after the property is sold, and what is your rationale for it?

Thanks!