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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black">I have a client [LLC] who sold to an other LLC with personal guarantee back in 2006. This was accomplished via DOT/promissory note with my client being the bank.
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black">It just came seller’s attention that the buyer LLC was dissolved in 2008. He opened a new LLC and has been paying every since. My client has been sending the tax
info to buyer in the name of the old LLC since 2006.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black">Fast forward to today. Client obviously wants to secure his interest. What is the fastest way to do this…….Reconvey the original DOT/promissory note, and start
over or can an assignment with seller consent accomplish the same thing?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black">Looking for the best practice and/or the expedite way to accomplish the same and your experts thoughts.
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black">Thanks in advance<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">Kristina A. Driessen<o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">“A” Street Legal Services, Inc. P.S<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">Attorneys at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">16 A Street SE<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">Auburn, WA. 98002<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">(253) 939-0811<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">(253) 939-0471 fax<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">astreetlegalservices.com<o:p></o:p></span></p>
<p class="MsoNormal"><u><span style="font-size:10.0pt;font-family:"Bookman Old Style",serif;color:black">kristina@rdattys.comcastbiz.net<o:p></o:p></span></u></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:9.0pt;color:black">CONFIDENTIALITY NOTICE</span></b><span style="font-size:9.0pt;color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt;color:black">This transmission is confidential and is intended solely for the use of the individual named recipient. It may be protected by the attorney/client
privilege, work product doctrine or other confidentiality protection. If you are not the intended recipient, or the person responsible to deliver it to the intended recipient, be advised that any dissemination, distribution or copying of this communication
is prohibited. If you have received this transmission in error, please immediately notify the sender via e-mail or by telephone at 253.939.0811 that you have received the message in error, and then delete it. Thank you.<o:p></o:p></span></p>
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