Indiana 49465- Articles of Dissolution of a Limited Liability Company is a legal document filed with the Indiana Secretary of State's office, used to dissolve a limited liability company in the state of Indiana. The document must include the LLC's name, the effective date of dissolution, the name and signature of the authorized party, and any additional information required by the Indiana Secretary of State. There are two types of Indiana 49465- Articles of Dissolution of a Limited Liability Company, including Voluntary Dissolution and Statutory Dissolution. Voluntary Dissolution is when the members of the LLC file a document with the Secretary of State's office to dissolve the LLC without court order. Statutory Dissolution is when a court order is filed with the Secretary of State's office to dissolve the LLC. Both types of dissolution require the LLC to file a final report with the Indiana Secretary of State's office.
Indiana 49465- Articles of Dissolution of a Limited Liability Company
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The Basics of Removing an LLC Member Determine the procedure for withdrawing members. Use the voting procedure if one is included in the terms of the LLC. Arrange for the member to submit a written resignation. Consider offering a buyout if the member doesn't willingly resign.
To formally dissolve, businesses must file with the Indiana Secretary of State first. Please note that closing your business in INBiz will only end your obligations to the Secretary of State's office. You are responsible for properly closing the business with all other agencies in which your business is registered.
In California, you may buyout your partner's interest in the LLC. If you cannot come to an agreement on the fair market price and on the terms of payment, then because your partner owns 50% of the LLC, he/she can legally force the LLC to dissolve.
Removing a member from an LLC To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail. The member in question of removal may need to get compensated for his share of membership interests.
To dissolve your LLC in Indiana, submit one original and one copy of the Indiana Articles of Dissolution (Form 49465) to the Indiana Secretary of State (SOS) by mail or in person. Articles of Dissolution can be filed online if you pay using an IN.gov payment account or a MasterCard, Discover or Visa credit card.
We get your IN LLC Dissolution filing to the Indiana Secretary of State as fast as possible. Once they get the application, the IN Secretary of State usually takes 3-5 business days to process an Indiana LLC Dissolution filing.
To change your business name, or to change your formation documents, you will need to file Articles of Amendment through INBiz. To change the principal address of your business, you will need to file a Change of Principal Office Address through INBiz.
Removal may be as simple as the member submitting a letter of resignation, depending on the relevant provisions. However, if the member is not willing to voluntarily resign, the provisions might provide, for example, a voting procedure allowing the other members to vote for the removal of the recalcitrant member.