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

Posted by Richard E. Clark | May 18, 2013 | 0 Comments

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:

  1. The occurrence of events specified in a limited liability company agreement;
  2. Unless otherwise provided in the limited liability company agreement, the vote or written consent of a majority of the members; or
  3. 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 inPortsmouth NH, Dover NH, and Newburyport, MA, For more information, please visit www.NHseacoastLawyers.com. Attorney Clark can be contacted at (603) 431-0009.

About the Author

Richard E. Clark

Attorney in Portsmouth, Dover, NH and Newburyport, MA Attorney Rich Clark is one of the seacoast's most successful attorneys. He has effectively litigated injury cases and civil suits achieving multi-million dollar results. Rich is friendly, detailed and has no reservations arguing in Court, when it's in the spirit of justice. Attorney Clark is a NH seacoast native. After his father retired from the U.S. Army, they returned to their ancestral Rye Beach property. His grandmother of the Sawyer/Jenness family settled Rye Beach, NH and Haverhill, MA. Prior to practicing law, Rich owned several contracting companies for almost two decades. After graduating from Portsmouth High School in 1991, he persevered through a ten-year educational pursuit to complete his law degree, NH and MA licensure, while managing his businesses. Rich's reputation is known in the seacoast area as friendly, driven, aggressive and detail-oriented. Rich has always possessed a passion for work. He is continually strategizing about how to best resolve his client's dilemmas while achieving the best outcome. Attorney Clark was a private criminal contract defense attorney appointed to the Newburyport District Court from 2007-2011. He achieved the Commonwealth of Massachusetts certification in 2008. Attorney Clark is a member of the National College for DUI Defense, New Hampshire Association of Justice, Essex County Bar Advocates Criminal Defense, Rockingham County Bar Association, and the New Hampshire Bar Association. Mr. Clark is a graduate of the Massachusetts School of Law (2002) and Franklin Pierce College (1998). He is admitted to practice law throughout New Hampshire and Massachusetts, the United States District Court of NH, and the United States Court of Appeals for the Armed Forces.

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Office Locations

Portsmouth Office
Dover Office
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