This pamphlet provides an overview on the dissolution of a limited liability company (LLC). Topics included cover the reasons for dissolution, different types of dissolution, and steps needed to dissolve an LLC.
North Dakota USLegal Pamphlet on Dissolving an LLC
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US-PMPH-08
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Less...Hold a Members meeting and record a resolution to Dissolve the North Dakota LLC.File a Notice of Dissolution with the ND Secretary of State.File all required Annual Reports with the North Dakota Secretary of State.Clear up any business debts.Pay all taxes and administrative fees owed by the North Dakota LLC.
Decide to close.Follow your articles of organization and document with a written agreement. If your business is a corporation, the board of directors would need to draft and approve a resolution to dissolve the business, then hold a meeting where minutes are documented and shareholders vote on it.
How to Close an Inactive BusinessDissolve the Legal Entity (LLC or Corporation) with the State. An LLC or Corporation needs to be officially dissolved.Pay Any Outstanding Bills.Cancel Any Business Licenses or Permits.File Your Final Federal and State Tax Returns.
Less...Hold a Members meeting and record a resolution to Dissolve the North Dakota LLC.File a Notice of Dissolution with the ND Secretary of State.File all required Annual Reports with the North Dakota Secretary of State.Clear up any business debts.Pay all taxes and administrative fees owed by the North Dakota LLC.
How to Dissolve an LLCVote to Dissolve the LLC. Members who decide to dissolve the company are taking part in something called a voluntary dissolution.File Your Final Tax Return.File an Article of Dissolution.Settle Outstanding Debts.Distribute Assets.Conduct Other Wind Down Processes.
Dissolution generally occurs when the business purpose of the LLC is completed or ceases to be economically viable. The members may also agree to dissolve the LLC if they are at an impasse regarding fundamental decisions concerning the LLC's business operations.
North Dakota Limited Liability Company Dissolution FAQ To dissolve your North Dakota LLC by filing Articles of Dissolution by Organizers, there is a $20 fee. To file the Articles of Dissolution by Members, there is a $20 filing fee and you must also file the Notice of Dissolution which costs $10.
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