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Operating Your Small Business

What can cause a Limited Liability Company to fall out of good standing?

A: If a Limited Liability Company ("LLC") fails to meet its annual state requirements like filing an annual report, paying franchise taxes, or maintaining a registered agent, the state may impose penalties or administratively dissolve the company. Depending upon applicable state law, this status may go by other names like void, involuntarily dissolved, or forfeited.

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The Kramer Law Firm LLC represents small business clients throughout Washington, D.C. and Montgomery and Prince George's Counties in Maryland, including the communities of Bethesda, Bowie, Chevy Chase, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Spring and all of the surrounding areas.

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