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Old January 31, 2014, 09:06 AM   #3
Skans
Senior Member
 
Join Date: November 20, 2008
Posts: 10,956
The biggest disadvantage of an LLC (or corp) is that you need to pay to keep it active, and REMEMBER to keep it registered, for as long as your LLC has the gun. If the LLC is administratively dissolved because you forget to pay the fee or file the annual report (or whatever your state requires), then an illegal transfer took place from the defunct LLC to you individually.
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