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#1785385 - 02/12/13 10:15 PM 2 Member LLC both deceased
Bec Offline
Diamond Poster
Joined: Jul 2010
Posts: 1,114
The Great White North
We have a husband and wife who were both the ONLY members in an LLC. They are now both deceased. DOes the LLC get dissolved and settled with the estate at that point?
Last edited by Bec; 02/12/13 10:16 PM.
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#1785439 - 02/13/13 03:58 AM Re: 2 Member LLC both deceased Bec
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 80,341
Galveston, TX
It depends on the operating agreement or by default, State law as to what happens to the LLC at this point. The LLC does not die with its members. It depends on the dissolution provisions.
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