Carmel, NY asked in Business Law for New York

Q: Can I do this on the side after I closed my LLC?

I had a partnership LLC and the nature was buying and selling domains online.

We decided to close the LLC as my former partner could not put in the hours needed and I wanted to continue doing this, but not tied to the LLC.

We filed a dissolution with legalzoom who filed with the state however the last thing that hasn't been done is a final tax return and contacting the IRS to close the account.

My question is: Can I start doing this on the side or do I have to wait for the IRS to close the account first?

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1 Lawyer Answer
Barry E. Janay
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Answered
  • Livingston, NJ
  • Licensed in New York

A: As long as you don't have a non-compete, confidentiality, or non-discloaure agreement with the partner or LLC than you're probably fine to go about it. It's wise to inform your partner and obtain his written consent / understanding / agreement that you are doing so, if that's I impractical for some reason we can discuss further, my email is bjanay@lobej.com

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