Purchase of a Dissolved LLC in Georgia

[Johnny Peebles]

I'm in the business of finding Real Estate Tax Sale overages (a property owner, in this case, a now dissolved LLC, has defaulted on property taxes for 5 years straight, resulting in the county selling the property, usually for Much more than the taxes & fees owed. The excess money is owed back to the former owner within 5 years of the tax sale in Georgia. If the money is not claimed by the 5 year anniversary of the tax sale, the county/city keeps the money.) This is where I come into the picture. I locate the excess funds from the tax sale, then I locate the former owner on record through various proven methods. I then make contact with the former owner via mail, phone, etc. In this one case, the former owner wants nothing to do with the excess money that is owed to "them". The amount of money owed is in the 10s of thousands of dollars. I would obviously get a commission from doing all the leg work and processing the claim, with the former owner getting the majority of the money. The VAST majority of former owners are Totally Unaware this money is just sitting there waiting to expire.

My biggest question is, is it possible to purchase a dissolved LLC and make the claim for the excess proceeds in my own name since I would be the new owner of the LLC? The LLC in this situation has been dissolved way beyond the 5 year limit to reinstate it. I'm not interested in reinstating it, I just want to buy it to claim the money. The owner is aware of what I want to do with it and seems to have no issue with it as long as it is legal to do it in GA. I'm bewildered "they" would be perfectly willing to sell a dissolved LLC for a few hundred dollars but not want anything to do with being refunded 10s of thousands of dollars that already belongs to "them". If this is possible, I stand to make at least triple what my commission for filing the claim on the former owner's behalf would be because all the money would be mine at that point. I wish I could help "them" see the irony of this whole thing. For the record, this former owner is NOT a senior citizen and is barely middle-aged. In fact, I'm older than "them".