All Forum Posts by: Stephen Harlan
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Post: How to navigate purchasing property from a dissolved LLC or INC

Stephen HarlanPosted
- Real Estate Attorney
- Atlanta, GA
- Posts 1
- Votes 2
In Georgia, a corporate or LLC entity cannot be reinstated after it has been dissolved for over 5 years. Unfortunately, a simple reinstatement isn't going to work here.
Assuming that the dissolution was administrative in nature, the company continues its corporate existence but can only carry on business necessary to liquidate and wind up the company's affairs. Conveying property titled in the corporate name would almost certainly qualify as winding up. There is a process, though. Georgia Code Cite Here!
We've handled a number of closings from dissolved companies. While they may take more work than most, they're certainly do-able.