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Character and Fitness - Administrative Dissolution of an LLC

Posted: Mon Aug 28, 2017 4:20 pm
by 1snowflake
Almost ten years ago I formed an LLC. It never got off the ground.

It was administratively dissolved but I did subsequently dissolve it properly with a tax clearance and all.

Will this "administrative action" go against me on the C&F.

I know: disclose, disclose, disclose which I intend to do. Plus, I did correct the mistake.

Should I be concerned or am I over-thinking / over-worrying? I tend to do that.

Re: Character and Fitness - Administrative Dissolution of an LLC

Posted: Mon Aug 28, 2017 9:12 pm
by Suprman37
1snowflake wrote:Should I be concerned or am I over-thinking / over-worrying? I tend to do that.
And you're doing it again. Of the two C&F's I've done, there wouldn't even be a part to disclose this on.

Re: Character and Fitness - Administrative Dissolution of an LLC

Posted: Mon Aug 28, 2017 9:54 pm
by 1snowflake
Thank you for responding. I am sure you are right.

What got me thinking about it is a question to disclose any administrative action taken against you. So, I am not sure if this even falls under such a question or not.

Yes. Overthinking. Again.

Re: Character and Fitness - Administrative Dissolution of an LLC

Posted: Mon Aug 28, 2017 11:00 pm
by ndbigdave
1snowflake wrote:Thank you for responding. I am sure you are right.

What got me thinking about it is a question to disclose any administrative action taken against you. So, I am not sure if this even falls under such a question or not.

Yes. Overthinking. Again.
Nothing to worry about here.

Breathe.

Definitely disclose it, can supplement showing the issue was resolved, can explain why it wasnt done sooner or prior to action. Unlikely to have to do anything beyond that.

Re: Character and Fitness - Administrative Dissolution of an LLC

Posted: Tue Aug 29, 2017 9:03 am
by 1snowflake
Thank you.

Re: Character and Fitness - Administrative Dissolution of an LLC

Posted: Tue Aug 29, 2017 10:25 am
by InterAlia1961
If that's the worst thing you have to worry about, you're home-free. It's not like you got into a brawl with your teenage son in front of Pizza Hut and got a DO. Now, THAT takes some explaining.

Re: Character and Fitness - Administrative Dissolution of an LLC

Posted: Tue Aug 29, 2017 6:08 pm
by thegrayman
Disclose, repent, atone > take your lumps > get admitted

You'll be fine.

Re: Character and Fitness - Administrative Dissolution of an LLC

Posted: Tue Aug 29, 2017 6:22 pm
by SFSpartan
Chill. Felons can get admitted to the Bar, and C&F really cares about money crimes and things that you don't disclose/lie about. Just disclose and you'll be fine.

Re: Character and Fitness - Administrative Dissolution of an LLC

Posted: Wed Aug 30, 2017 10:11 am
by 1snowflake
Thanks all. I appreciate the insights and calm.