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Updated almost 4 years ago on . Most recent reply
FL Investment Property owned by LLC is dissolved - What next?
I don't know if this is a dumb question or not, but I've seen properties in Miami/Broward owned by LLCs that if you look them up on Sunbiz, the LLC is dissolved for non payment, non filing of annual report, etc.
My question is - now what? Can someone just re-activate the LLC and take it? How could this person legally sell their property at time of closing when the LLC is inactive? What legal ramifications do owners face?
Was doing some surfing tonight and just saw that 2 of my landlords have dissolved LLCs and I'm worried about what can come in the future if they don't fix it quick.
Thanks in advance!
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#1 Foreclosures Contributor
- Real Estate Professional
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@Marc Middleton Yes, the Owner of the llc can reinstate at any time....if you don’t renew by May 1st, there is a huge fine and I think it goes inactive in September.
@Deniz Eker Go to Sunbiz, you can search all entitities and it shows the federal employer number. There is a link on the main page to renew.