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Post details: Missouri --Corporate Income Tax: LLC Dissolution Provision Revised
07/11/07
Missouri --Corporate Income Tax: LLC Dissolution Provision Revised
CCH (cch.taxgroup.com) reports:
New Missouri legislation authorizes the automatic dissolution of a limited liability company (LLC) after the withdrawal of the last remaining member, unless there is an agreement by the personal representative of the last remaining member to continue the LLC or there is another member admitted to the LLC within 90 days of the withdrawal of the last remaining member. Under prior law, an LLC was automatically dissolved upon the withdrawal of the last remaining member.
H.B. 431, Laws 2007, effective August 28, 2007.
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