The facts and your question is a bit confusing. Are you asking if you sign the guarantee as a member of the LLC and then dissolve it whether...

You would need to follow the particular requirements of each sate in which you seek to open an LLC.

What is the difference between transferring an LLC to a new owner versus closing out the LLC and starting a new one?

I agree with attorney Koslyn and would add that before sale you should have then, and should now, consult with a C.P.A. The transfer of an entity...

By the way, you will need to dissolve the partnership properly, which is why the terms should be reduced to writing spelling exactly out gets what...

In answer to your 1st question I belive the two owners would need to petition the court for dissolution and in the course of those proceeding seek...

If the LLC was "properly" dissolved effective September 11, (meaning either the dissolution or cancelation form was file stamped by the Secretary...

When i file for an llc, am i covered while its in the process of being completed?

The answer to your question is that you are not an LLC until the state has received and file stamped your Articles of Organization signifying it...

Any benefit to having a trust if you don't put any assets in it?

The short answer is NO. A trust is of no value if the trust is not funded. Moreover, you say he has "joint accounts". Not sure whether you mean...

Can I put my rentals in both trust and LLC?

The answer is, if you reside in California LLC the ownership interests in those LLC's can be held in a revocable trust (even if a rental property...

Are insurance companies obligated to provide coverage to members & managers of a now dissolved LLC if legal action is brought?

The language in your write up the facts is a bit vague. Not sure what you meand by "to the fullest extent permitted by law, the CONTRACT shall...