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Most LLC statutes expressly provide for mergers, which would allow Northern LLC and Southern LLC to combine all of their assets into Northern LLC, with Northern being the surviving LLC and Southern being the merged LLC.
LLC Statutes
Legal regulations governing the formation, operation, and dissolution of Limited Liability Companies.
Mergers
The combination of two or more companies into a single legal entity, often to achieve greater efficiency or market share.
Surviving LLC
A term used to describe a limited liability company that continues to exist after a merger or consolidation, absorbing the assets and liabilities of the other entity.
- Know the legal considerations regarding the merger and dissolution processes of LLCs and partnerships.
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Learning Objectives
- Know the legal considerations regarding the merger and dissolution processes of LLCs and partnerships.
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