We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
A foreign LLC withdrawal refers to the process of officially terminating the operations of a limited liability company (LLC) that was formed in a different state but registered to do business in Utah.
A foreign LLC may choose to withdraw from Utah for various reasons, such as ceasing operations in the state, restructuring the business, or relocating to a different jurisdiction.
To withdraw a foreign LLC in Utah, you must file a completed Withdrawal of Foreign LLC form with the Utah Division of Corporations and Commercial Code. Additionally, any outstanding tax obligations and fees must be settled.
Yes, hiring an attorney who specializes in business law or corporate matters can be beneficial throughout the foreign LLC withdrawal process. They can guide you through the legal requirements and assist with the necessary documentation.
Yes, there is a filing fee associated with the withdrawal of a foreign LLC in Utah. The exact fee can vary, so it is advisable to check the Utah Division of Corporations and Commercial Code's website or contact them directly for the current fee.
The process of foreign LLC withdrawal does not automatically resolve or dismiss any pending legal matters or lawsuits. It is important to consult with legal counsel to properly handle and address these issues before or during the withdrawal process.
If a foreign LLC wishes to resume business operations in Utah after the withdrawal, they would need to file a new Application for Certificate of Authority with the Utah Division of Corporations and Commercial Code, complying with the necessary requirements.
The exact timeframe for the foreign LLC withdrawal process in Utah can vary depending on factors such as the workload of the Division of Corporations and Commercial Code. It is advisable to contact the Division directly or consult with an attorney for an estimate.
Trusted and secure by over 3 million people of the world’s leading companies
