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Updated almost 11 years ago on . Most recent reply presented by

User Stats

160
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31
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Marylynn B.
  • Investor
  • Frederick, MD
31
Votes |
160
Posts

question on LLC amendment

Marylynn B.
  • Investor
  • Frederick, MD
Posted

Hello! I have a current LLC which I used for my other investments and contracts-digital property. I had kept the real estate investments not in an LLC which I now want to change. I was planning on adding my current properties to my current LLC as the operating statement is open enough to do that. However, I now have a concern.

A former person I had contracted with in my digital/web business was involved in some sketchy nonsense. I was not involved and even sued him for lack of payment for our services. My concern is if later on he is ever convicted ( the guy was seriously running a ponzi scheme) or tries to sue me, if my properties would then be at risk. I am not sure if I can dissolve the previous component of my LLC and be allowed to keep the name etc.

My current business attorney is in NY, my Maryland attorney is an Estate attorney and useless in this area Obviously I need a business & investor attorney in Maryland ( where I reside) and VA and WV ( where I am also looking to re-invest).

My questions are this: 1. referrals

2. Should I just place my current properties in my current LLC or form a new one ( I was kind attached to the name hahah)

Appreciate your experience and insight!!

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