Be Careful What You Ask For

by William J. Piercy

Ervin v. Turner, 291 Ga. App. 719 (2008).  In this case, a group of investors came together and formed a limited liability company, Local MG, LLC (the “LLC”) for the purpose of raising sufficient funds to operate a bank to be known as …

Judicial Dissolution

by William J. Piercy

Judicial dissolution is the process through which the courts will wind up and liquidate a business entity such that its liabilities its assets are distributed to its owners, to the extent that there are assets with which to do so.  Judicial dissolution is often …