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.
North Carolina Termination of Operating Agreement
Category:
State:
Multi-State
Control #:
US-OG-768
Format:
Word;
Rich Text
Instant download
Description
How to fill out Termination Of Operating Agreement?
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FAQ
There are some basic steps to dissolving an LLC in North Carolina. Step 1: Vote to dissolve the LLC. Review your company's operating agreement. ... Step 2: File certificate of dissolution. You will then need to fill out the certificate of dissolution. ... Step 3: Winding up. ... Step 4: File the final tax return.
Once an entity is administratively dissolved, it may apply to the Secretary of State for reinstatement (or requalification, in the case of foreign entities). The entities must submit an application and correct all reasons that led to the dissolution or else prove to the Secretary that the grounds do not exist.
North Carolina LLC Articles of Organization Filing Fee ($125) Starting an LLC costs $125 in North Carolina. This is the state filing fee for a document called the North Carolina Articles of Organization. The Articles of Organization are filed with the North Carolina Secretary of State.
File the appropriate form with the Corporations Division of the Secretary of State by mail, online or in person. Your company may also prepare your own Articles of Dissolution, instead of using the state forms.
North Carolina General Statutes Chapter 57D, § 57D-2-30: Though an Operating Agreement is not required to form an LLC in North Carolina, it is highly recommended to have one. This provides an opportunity to establish the internal guidelines, roles, and rules of the LLC.
Limited Liability Company FormDocument NameFeeL-07Articles of Dissolution$30.00
What happens if my company is administratively dissolved? You may lose some of the benefits of being incorporated. For example, if your company is not reinstated within 5 years, you may lose the right to use the same name.
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.
