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<p>[QUOTE=&quot;Burton Strauss III, post: 2443339, member: 59677&quot;]It does work that way, but exactly as you said - you create the LLC and buy the assets but not the liabilities.</p><p><br /></p><p>Somebody then has to wind down the company, which includes paying off the liabilities and then closing the company (or bankrupting it if there are liabilities beyond the token value unsold).</p><p><br /></p><p>So... start by searching the state business directory</p><p><br /></p><p><a href="https://tnbear.tn.gov/ECommerce/FilingSearch.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://tnbear.tn.gov/ECommerce/FilingSearch.aspx" rel="nofollow">https://tnbear.tn.gov/ECommerce/FilingSearch.aspx</a></p><p><br /></p><p>This gives you some interesting data, including</p><p><br /></p><p>Status: Inactive - Withdrawn</p><p>Initial Filing Date: 03/08/2001</p><p>Formed in: GEORGIA</p><p>Inactive Date: 07/25/2007</p><p><br /></p><p>The annual reports are on microfilm, but probably available if somebody was in TN.</p><p><br /></p><p>The Georgia Secretary of State&#039;s directory has about the same data <a href="https://ecorp.sos.ga.gov/BusinessSearch/BusinessInformation?businessId=1042666&amp;businessType=Domestic%20Profit%20Corporation" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://ecorp.sos.ga.gov/BusinessSearch/BusinessInformation?businessId=1042666&amp;businessType=Domestic%20Profit%20Corporation" rel="nofollow">https://ecorp.sos.ga.gov/BusinessSearch/BusinessInformation?businessId=1042666&amp;businessType=Domestic Profit Corporation</a></p><p><br /></p><p>It gets more interesting...</p><p><br /></p><p><b>Southern</b> Entities Grading Service, LLC</p><p><br /></p><p><a href="https://tnbear.tn.gov/ECommerce/FilingDetail.aspx?CN=100084051170023240165120066224059160204166049110" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://tnbear.tn.gov/ECommerce/FilingDetail.aspx?CN=100084051170023240165120066224059160204166049110" rel="nofollow">https://tnbear.tn.gov/ECommerce/FilingDetail.aspx?CN=100084051170023240165120066224059160204166049110</a></p><p><br /></p><p>Status: Inactive - Dissolved</p><p>Initial Filing Date: 09/24/2007</p><p>Formed in: TENNESSEE</p><p>Inactive Date: 08/08/2015</p><p><br /></p><p><br /></p><p>So you have to wonder who they are today...[/QUOTE]</p><p><br /></p>

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