The best way for you to lose the liability protection provided by your LLC is to mismanage the company, allowing it to remain dormant and inactive.But, keeping minutes of meetings of a one member LLC seems silly, but the LLC really isn't you so much as a seperate corporate beast that should be fed.Any time your company acts in a significant transaction, like buying a property, such actions need to be authorized.

Any overage is escrowed by the lender, it then may become a dormant account and will revert to the state treasury.Other secured liens will be paid.

One thing to know about fleas is that their eggs can lay dormant for up to two years.

Fleas (eggs, cocoons & adults) can remain dormant for up to two years.

If it's an individual lender they might do that, for a few bucks.Why not simplify and take a non-RE asset as collateral on a demand note after a certain date, send in a car title with you as a lien holder, mark his billing for your services paid in full.Also understand that the services you're charging for need to be squeaky clean, comply with all applicable laws, in wholesaling my guess is that you could have issues.Sometimes you just work things out, a check is valid for one year before it is dormant, might just hold a check, if it bounces after he closes, well, he probably thinks he'd get nailed, and might be so, unless he fussed and brought up what you did and stopped payment.

The current landlord said she is not legally allowed to rent the room out so it sits dormant due to there not being 2 usable exits and it being on the 3rd floor.

Very unlikely the bed bugs were dormant for seven months and renters insurance does not cover infestation.

HI All,

I formed a LLC in Texas two years ago, but never did anything about it. No activities, no tax filing. The company has been dormant.

Now I just purchased my first real estate investment property which I would...

I would rather invest any dormant cash than pay the loan off.

All you did was move it from a liquid state, that could get you multiple uses and returns, to a dormant state, that gets you only one return....and like I said in my first post, I hope all those benefits were worth it to you, because it cost you thousands and thousands of dollars more than what it should have.