Louisiana LLC Dissolution Law

Limited Liability Company – General – Louisiana

Related Louisiana Legal Forms

In Louisiana, there are extensive statutory provisions addressing limited liability dissolution. However, the quickest and most efficient method of dissolution is dissolution by affidavit.

If a LLC is not doing business and owes no debts, it may be dissolved by filing an affidavit with the secretary of state. The affidavit, which must be executed by the members or by the incorporator if no membership interests have been issued, must attest that the LLC is not doing business and owes no debts and request that the corporation be dissolved.

The important distinction between this method of dissolution and the other methods provided by statute is that the members or the organizers if no membership interests have been issued remain, after dissolution, personally liable for any debts or claims, if any, against the LLC in proportion to their ownership in the LLC.

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Inside Louisiana LLC Dissolution Law