Delaware Termination of Operating Agreement

State:
Multi-State
Control #:
US-OG-768
Format:
Word; 
Rich Text
Instant download

Description

This form is used when all activities and operations on the Contract Area have ceased, and the Agreement is deemed, as of the Effective Date stated above, to have terminated, and the Contract Area, and all interests in it, are no longer subject to the terms and provisions of the Agreement.

How to fill out Termination Of Operating Agreement?

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FAQ

Steps to File a Certificate of Cancellation One member (owner) of the LLC must sign the Certificate of Cancellation. Pay the cancellation and preparation service fees, as well as the current year's Delaware Franchise Tax Fee. File the Certificate of Cancellation.

Delaware's LLC law requires all Delaware LLCs to have an Operating Agreement. Delaware allows the LLC Operating Agreement to be a verbal agreement. However, having a written LLC Operating Agreement is the only way to make the agreement enforceable.

The fee to file the Certificate is $204.00. If your document is more than 1 page, please include $9.00 for each additional page. You will receive a stamped ?Filed? copy of your submitted document. A certified copy may be requested for an additional $50.

Delaware Entity Dissolution Information A limited partnership can file a statement of cancellation with the Delaware Department of State, Division of Corporations. The filing will include a fee of $200. The dissolution of a limited partnership occurs when: The winding up process has been completed.

The fee to file the Certificate is $200.00 and you will receive a stamped ?Filed? copy of your submitted document. A certified copy may be requested for an additional $50. Expedited services are available.

In Delaware, "dissolution" refers to the process of closing a corporation through the filing of a Certificate of Dissolution. Closing an LLC, on the other hand, requires "canceling" through a Certificate of Cancellation.

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Delaware Termination of Operating Agreement