Legal Question in Business Law in California

Can a company member (CA LLC) who has embezzled still be reported to the DA after the company has filed for dissolution?


Asked on 2/02/11, 2:51 pm

3 Answers from Attorneys

Joe Marman Law Office of Joseph Marman

Of course.

Read more
Answered on 2/08/11, 3:52 pm
Terry A. Nelson Nelson & Lawless

Sure

Read more
Answered on 2/08/11, 5:07 pm
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Absolutely! Filing for dissolution does not make the LLC disappear or absolve anyone of crimes against the company. Indeed, filing for dissolution merely begins the process of winding up the LLC's affairs, and thus is a time when it (the LLC) will be converting assets into cash, paying off the bills, and otherwise cleaning house in anticipation of going out of business. The LLC will be especially vigilant at this phase to nab and try suspected wrongdoers.

Read more
Answered on 2/08/11, 9:38 pm


Related Questions & Answers

More Business Law questions and answers in California