- Stephanie Farokhi/
- Arbitration, Attorneys, Board of Directors, Business Formation, Business Law, California, California Law, Century City Law, Civil Law, Employee, Employment Law, Legal, Litigation, Los Angeles, Los Angeles Law, Real EstateLaw, Supreme Court, Torrance, Torrance California, Torrance employment law, Torrance Law, Torrance Real Estate Law /
In its operating agreement, a Limited Liability Company, or LLC, may specify a termination date or other event that will result in the dissolution of the LLC. On the termination date or occurrence of another specified event, the LLC is “dissolved” (Corporations Code section 17707.01(e)), with only limited powers to “wind up” its affairs (Corporations Code section 17707.04).
Generally, after the dissolution has occurred, a certificate of dissolution must be filed with the California Secretary...
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