Q: Many yrs ago I fashioned a New Hampshire Confined Legal responsibility Firm for the objective of working my home renovation business. I dissolved the LLC final calendar year, but now I am staying threatened with a lawsuit arising out of just one of the home renovations. Am I suitable that I have no liability publicity since I carried out my business enterprise only as an LLC that is now dissolved?
A: Not accurately. It is a common false impression that the dissolution of a Limited Legal responsibility Organization (LLC) mechanically terminates any prospective liability to its house owners, or members as they are named. Below New Hampshire law, third events may possibly however pursue an LLC and its users after dissolution for money owed or other lawful damages.
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