This is a Notice of Meeting of LLC Members to consider dissolution of the company form.
Illinois Notice of Meeting of LLC Members To Consider Dissolution of the Company
Category:
State:
Multi-State
Control #:
US-205LLC
Format:
Word;
Rich Text
Instant download
Description
How to fill out Notice Of Meeting Of LLC Members To Consider Dissolution Of The Company?
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FAQ
To dissolve/terminate your domestic LLC in Illinois, you must submit the completed form LLC-35-15, Statement of Termination in duplicate to the Illinois Secretary of State by mail or in person along with the filing fee.
Dissolution is the first step in the termination process is to dissolve the LLC. Although some people confuse dissolution and termination, dissolution does not terminate an LLC's existence. What it does is change the purpose of its existence.
By dissolving an LLC properly, it means that the LLC is no longer a legal business entity so you won't be expected to pay any fees or taxes, or file any more documents. Despite no longer operating, it is possible for members to create a new LLC and run it in the same way as the dissolved company.
Dissolution of corporation refers to the closing of a corporate entity which can be a complex process. Ending a corporation becomes more complex with more owners and more assets.
To dissolve an LLC in Illinois, simply follow these three steps: Follow the Operating Agreement. Close Your Business Tax Accounts....Step 1: Follow Your Illinois LLC Operating Agreement.Step 2: Close Your Business Tax Accounts.Step 3: File Articles of Dissolution.
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...?19-Oct-2021
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.
Your filing usually will be processed in a week to 10 days. Expedited processing is available for an additional fee by in-person request in Chicago or Springfield. An articles of dissolution form is available for download from the SOS website.
