Should You Dissolve an LLC after a Sale?

[Kevin O'Donnell]

I'm getting a few different point of view on this from equally qualified and experienced house flippers. 

Here's the scenario: you purchase a house using 123 Main St, LLC. You fix up the house. You sell it to an owner-occupier. All good.

But what happens to 123 Main St, LLC?

Can you purchase another would-be fix and flip with it?

Can you use it to do an LLC purchase wholesale deal?

Can you use it to do a buy and hold deal?

Can you use it to start that super cool social media marketing company you always dreamed of?

I always thought you should dissolve that LLC immediately. Because if there is a legal issue which arises between 123 Main St, LLC the new owners of the actual house at 123 Main St (or contractors, buyer agents, etc) that last thing you'd want is new real estate owned by 123 Main St, LLC. Because it would put that new real estate at risk, right?

Looking forward to hearing your thoughts!