[CLBS] LLC dissolution wind-up - third-party liquidator

[Robert Faucher]

Christopher,

You could consider

Steve Neighbors of Strategic & Operational Solutions, Inc.; and
Matt McKinlay of Ampleo.

This project might fall within their respective areas of expertise.

Bob Faucher
Partner
Holland & Hart LLP
800 West Main Street, Suite 1750, Boise, ID 83702
T 208.383.3941 F 208.343.8869 M 208.283.6781
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From: CLBS <clbs-bounces at admws.idaho.gov> On Behalf Of Christopher Hopper
Sent: Wednesday, September 15, 2021 12:39 PM
To: clbs at admws.idaho.gov
Subject: [CLBS] LLC dissolution wind-up - third-party liquidator

External Email



I have an out-of-state client who is member #2 , the heavy capital contributor, of a two-member LLC. He is interested in dissolving the company; member #1, more the labor contributor, not so much.

It's not huge: about $300K in equipment and possibly underwater.

If we can get a settlement agreement in place with #1 to dissolve the company, query about using a third-party liquidator. A liquidator having general powers to settle outstanding receivables and payables, assume responsibility for the books and accounts of the LLC, maintain the liquidation account, send notices of the pending dissolution to all creditors and other known claimants, communicate dissolution to customers, licensing agencies, and report to members on progress, etc.

Are there recommendations for liquidators and when to use them/experiences using them?

Estimates of cost and how their compensation works?

The company is in eastern Idaho, but we could use referrals in Boise too.

Thanks all.

--
Christopher Hopper
Attorney at Law
Treasure Valley Legal Services, Inc.
3350 Americana Terrace, Suite 320
P.O. Box 9042
Boise, ID 83707-3042
Tele. (208) 740-1669
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