Q. What are the most common mistakes people make in dissolving or closing a LLC in NH?

A. Many fail to close the LLC properly and timely when there are known creditors of the business entity.

In NH, a limited liability company is dissolved and its affairs shall be wound up upon the first to occur of the following:

I. The occurrence of events specified in a limited liability company agreement;

II. Unless otherwise provided in the limited liability company agreement, the vote or written consent of a majority of the members; or

III. The issuance of a notice of administrative dissolution under RSA 304-C:53, I or entry of a decree of judicial dissolution under RSA 304-C:51.

Revisions

1993, 313:1. 1997, 120:36, eff. Aug. 8, 1997.

    

The Law Office of Richard E. Clark, LLC handles all types of business law matters throughout NH. Offices are located in Portsmouth NH, Dover NH, and Newburyport, MA, For more information, please visit www.NHseacoastLawyers.com. Attorney Clark can be contacted at (603) 431-0009.

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