LLC Dissolution Terminating a Limited Liability Company


When you cease operating your LLC business and no longer have an need to maintain an active limited liability company with your state, you need to properly and completely dissolve the legal entity.
LLC dissolution is sometimes called LLC cancellation or termination. Each state has its own process for what is required to effectively terminate the existence of a limited liability company.
First, you need to wind down all affairs of your business and pay off all debt. Once wound down, if there are any assets left over, they need to be sold and/or distributed to the members in accordance with the dissolution provisions of the LLC operating agreement.
 
Order LLC Dissolution
Filing Service
The LLC Expert recommends the LLC Dissolution Filing Service offered by Business Filings, Inc.
Click on the link below for information and an article with the 5 specific steps required to completely terminate an LLC:


More Details about
LLC Dissolution Information

An LLC is required to notify all creditors about dissolution if it is not able to pay off debts to those creditors. If your LLC is in this state where it cannot pay off its debts, it is recommended you retain an attorney to ensure you properly meet this notice requirement. The specific details can vary with each state.
All state and federal tax returns and payments must also be made prior to dissolution.
Every state also requires a formal dissolution filing to be made with the state and each state differs in their filing requirements.
Once all pre-termination steps have been completed, every state also requires a formal dissolution filing to be made with the state and each state differs in their filing requirements.
 

ORDERING LLC DISSOLUTION FILING SERVICES:

The LLC Expert does not currently offer an LLC dissolution filing service. As noted above, if your LLC has been conducting business for awhile and has creditor issues or outstanding tax or other complex matters, it is highly recommended you retain the services of a lawyer to assist you.
However, if you decide not to use an attorney or feel that your LLC situation is simple enough to handle on your own, we recommend the dissolution filing service of Business Filings, Inc.. They offer more information about the steps for dissolution and offer a quality dissolution filing service.

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