Bankruptcy Forum

Llc

danaf
06-06-2007, 05:59 AM
If you have an LLC that is void of assets, never had assets, no ein # - is it a requirement to report it on the petition? I looked over the paperwork and do not see where it is a requirement given it is an empty shell.

thanks

DeadManCrawling
06-06-2007, 07:32 AM
I would report it just to be safe.

The corporate structure is so easy to track down. A phone call or search online by the trustee will show it exists in a matter of moments.

I can't imagine it changes anything, anyway. If it is an empty shell, well, what good is it for anything.

Also, even though it has no ein, it probably does have stock, even if that has not been formally issued. Usually in the corporate charter, there is a designation of how many shares. THAT is something that has to be reported, at any rate.

-best wishes,


dmc

danaf
06-06-2007, 08:31 AM
what if I were to do away with the llc?

filing wouldn't be until sept/oct timeframe.

would doing away with the llc be a bad thing?