How do you close out an LLC?

How to Dissolve an LLCConfirm the Company Is in Good Standing.Hold a Vote to Dissolve the Business.File LLC Articles of Dissolution.Notify the Company's Stakeholders.Cancel Business Licenses and Permits.File the LLC's Final Payroll Taxes.Pay Final Sales Tax.File Final Income Tax Returns.More items...?

US Legal Forms
USLegal Pamphlet on Dissolving an LLC

Arizona USLegal Pamphlet on Dissolving an LLC

Name: Arizona USLegal Pamphlet on Dissolving an LLC
Brand: US Legal Forms
Rating: 4.59 (224 reviews)

Category:

Limited Liability Company - Dissolution

State:

Multi-State

Control #:

US-PMPH-08

Format:

Instant download

Description

This pamphlet provides an overview on the dissolution of a limited liability company (LLC). Topics included cover the reasons for dissolution, different types of dissolution, and steps needed to dissolve an LLC.

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How to fill out Arizona USLegal Pamphlet On Dissolving An LLC?

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To dissolve your LLC in Arizona, you submit the completed Form LL: 0020 Articles of Termination to the Arizona Corporation Commission (ACC) by mail, fax, or in person. Arizona has a cover sheet that should be included with filings. The Articles of Termination and coversheet are available online (see link below).

Closing Correctly Is ImportantOfficially dissolving an LLC is important. If you don't, you can be held personally liable for the unpaid debts and taxes of the LLC. A few additional fees you should look for; Many states also levy a fee against LLCs each year.

How to Dissolve an LLCConfirm the Company Is in Good Standing.Hold a Vote to Dissolve the Business.File LLC Articles of Dissolution.Notify the Company's Stakeholders.Cancel Business Licenses and Permits.File the LLC's Final Payroll Taxes.Pay Final Sales Tax.File Final Income Tax Returns.More items...?

In Arizona, if you and the members of the LLC want to discontinue business, then it is necessary to dissolve their business legally to avoid any administrative and legal consequences.

You must request the certificate directly from the Arizona Department of Revenue by completing their Tax Clearance Application form. You can access that form on their website, , or call 602- 716-6234 for more information.

Unless formally terminated or unless the Articles of Organization contain a termination date, an Arizona limited liability company will exist forever. Unlike an Arizona corporation, an Arizona LLC does not have to file an annual report with the Arizona Corporation Commission or pay the ACC an annual fee.

How to Dissolve an LLCVote to Dissolve the LLC. Members who decide to dissolve the company are taking part in something called a voluntary dissolution.File Your Final Tax Return.File an Article of Dissolution.Settle Outstanding Debts.Distribute Assets.Conduct Other Wind Down Processes.

To dissolve an LLC in Arizona, simply follow these three steps: Follow the Operating Agreement. Close Your Business Tax Accounts....Step 1: Follow Your Arizona LLC Operating Agreement.Step 2: Close Your Business Tax Accounts.Step 3: File Articles of Dissolution.

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Arizona USLegal Pamphlet on Dissolving an LLC

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