Phoenix Arizona Resolution of Meeting of LLC Members to Dissolve the Company In Phoenix, Arizona, when it comes to dissolving a limited liability company (LLC), the process typically involves a Resolution of Meeting conducted by the LLC members. This resolution serves as a formal decision to dissolve the company and outlines the necessary steps to be taken to complete the dissolution process. This detailed description will shed light on the various aspects of a Phoenix Arizona Resolution of Meeting of LLC Members to Dissolve the Company, along with relevant keywords. 1. Definition of a Resolution of Meeting: A Resolution of Meeting is a legally binding document that reflects the agreement of LLC members to dissolve the company. It is a crucial step towards the formal termination of the business entity. 2. Purpose of Dissolution: There can be various reasons why an LLC in Phoenix, Arizona, decides to dissolve. Some common reasons include the achievement of the company's purpose, expiration of the agreed-upon duration, or a unanimous agreement among the LLC members to dissolve. 3. Key Elements of the Resolution: The Resolution of Meeting to dissolve the company should include important information, such as the date and time of the meeting, the location of the meeting, and the LLC members present. It should clearly state the purpose of the meeting, acknowledging the decision to dissolve the company. 4. Voting Procedures: During the meeting, a vote on the dissolution is held, and the LLC members have the opportunity to express their opinions. The voting can be based on a majority or unanimous consent, depending on the LLC's articles of organization or operating agreement. 5. Appointment of Dissolution Officer: Following the approval of the dissolution resolution, it may be necessary to appoint a dissolution officer. The dissolution officer is responsible for overseeing the winding up of the company's affairs, including the collection and distribution of assets, notifying creditors, and satisfying any outstanding obligations. 6. Types of Phoenix Arizona Resolution of Meeting of LLC Members to Dissolve the Company: There are several types of resolutions that can be used to dissolve an LLC in Phoenix, Arizona. They include voluntary dissolution resolutions, unanimous consent resolutions, and dissolution by court order resolutions. The type of resolution required will depend on the circumstances and the agreement among the LLC members. 7. Filing Requirements: Once the resolution is passed, it is essential to file the dissolution documents with the Arizona Corporation Commission, which is the governing agency responsible for overseeing business entities in the state. These documents may include a Certificate of Dissolution and any other required forms. 8. Distribution of Assets: During the dissolution process, the LLC will need to distribute its remaining assets among the members in accordance with the operating agreement or relevant state laws. This could involve selling assets, paying off outstanding debts, and dividing the remaining funds or property. In conclusion, a Phoenix Arizona Resolution of Meeting of LLC Members to Dissolve the Company is a significant step towards terminating an LLC. This formal resolution captures the decision to dissolve, outlines the necessary procedures, and ensures a smooth process for winding up the company's affairs. By following the relevant laws and fulfilling all necessary obligations, LLC members can effectively dissolve their company in Phoenix, Arizona.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.