Legal Question in Business Law in Wisconsin
Dissolving a LLC & starting a new one
My husband passed away leaving me an Internet Service that is an LLC but has alot of CCard debt. He was the Mgr. and the only other member - does not want anything to do with the running of the LLC. He would like to see his investment continue in the LLC and it doesn't matter if we change the name in order to stay open. Can we cancell the CCard debt without dissolving the LLC?
Asked on 11/01/06, 7:48 pm
1 Answer from Attorneys
Thomas Schober
Schober Schober & Mitchell, S.C.
Re: Dissolving a LLC & starting a new one
If the debt is in the name of the LLC, it will follow the LLC and even continue to follow its assets if it is dissolved.
Answered on 11/02/06, 9:43 am
Related Questions & Answers
-
Starting a similar business Are there any federal or state (wisconsin) laws that I... Asked 1/28/06, 10:29 am in United States Wisconsin Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
