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A Maine LLC operating agreement is a required document that outlines a company's ownership and day-to-day activities. All matters related to the business should be included in the agreement and signed by all the members. State law requires the document to be completed and kept by the company.
To help you have a better understanding of what you should do, here is a simple step-by-step guide: Step 1: File the Articles of Dissolution. As stated earlier, dissolving an LLC requires you to submit formal paperwork. ... Step 2: Close any business tax accounts. ... Step 3: Complete the winding-up process.
An LLC operating agreement should contain provisions to cover: Basic information about the LLC. ... A profit and loss allocation plan. ... The LLC's purpose. The management structure. ... Ownership percentages of each member. ... Voting rights and procedures. ... Meeting frequency. Procedures for bringing in new members.
Check your state Secretary of State's website for the form to file indicating that you are dissolving your LLC. Complete the form and follow the instructions for filing it with the state. This will formally close down the name of your LLC.
To dissolve/cancel your LLC in Maine, submit form MLLC-11C, Certificate of Cancellation, including the completed Filer Contact Cover Letter, to the Maine Secretary of State, Bureau of Corporations, Elections, and Commissions (SOS). The Certificate of Cancellation form is available on the Maine SOS website.
Maine allows you to act as your own registered agent, but in order to this you'll have to be available at the same physical location every business day of the year. If this doesn't work for you, hiring a registered agent may be a good option.
How do I dissolve a business entity? First, go to . You will need an account to file anything on Fast Track Filing (excluding Biennial Reports). ... A drop-down menu will appear. ... In the ?Existing Entities? menu, click on the ?Entity Dissolution? link.
Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.