The Oklahoma Resolution of Meeting of LLC Members to Dissolve the Company is a legal document used by the members of a Limited Liability Company (LLC) in Oklahoma to formalize their decision to dissolve the company. This resolution outlines the steps and procedures involved in dissolving the LLC and ensures that all members are in agreement with the dissolution. Keywords: Oklahoma, resolution, meeting, LLC members, dissolve, company, legal document, Limited Liability Company, formalize, decision, steps, procedures, agreement, dissolution. There are two main types of Oklahoma Resolution of Meeting of LLC Members to Dissolve the Company: 1. Voluntary Dissolution: This type occurs when the members voluntarily decide to dissolve the LLC, usually due to various reasons, such as the achievement of the company's goals, lack of profitability, or changes in members' circumstances. The resolution specifies the effective date of dissolution and the required actions for winding up the LLC's affairs, including the distribution of assets and the payment of liabilities. 2. Involuntary Dissolution: This type of resolution arises in situations where the LLC cannot operate or continue its business due to specific legal reasons, such as the expiration of the LLC's duration, failure to maintain statutory requirements, or court order. In this case, the resolution outlines the reasons for the involuntary dissolution and the steps to be taken to wind up the LLC's affairs, similar to a voluntary dissolution. Regardless of the type chosen, the resolution typically includes the following key elements: 1. Title: "Resolution of Meeting of LLC Members to Dissolve the Company." 2. Identification: The resolution identifies the LLC's name, its principal place of business, and the date of the meeting where the resolution was adopted. 3. Intent to Dissolve: The resolution clearly states that the LLC members have resolved to dissolve the company, indicating whether it is a voluntary or involuntary dissolution. 4. Effective Date: The resolution specifies the effective date of the dissolution, which may be immediate or set for a specific future date. 5. Winding-Up Procedures: The resolution outlines the steps and procedures required to wind up the LLC's affairs, including the sale or distribution of assets, the settlement of liabilities, and the closing of bank accounts. 6. Distribution of Assets: If there are remaining assets after the payment of all liabilities, the resolution specifies how the assets should be distributed among the members, in accordance with the LLC's operating agreement or applicable state laws. 7. Filing of Dissolution Documents: The resolution includes instructions on filing the necessary dissolution documents with the Oklahoma Secretary of State and other relevant authorities, ensuring legal compliance. It is crucial to consult with a qualified attorney or legal professional familiar with Oklahoma LLC laws to ensure the accurate preparation and execution of the Resolution of Meeting of LLC Members to Dissolve the Company.
Oklahoma Resolution of Meeting of LLC Members to Dissolve the Company
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State:
Multi-State
Control #:
US-206LLC
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Word;
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Description
This form is a Resolution of Meeting of LLC Members to dissolve the company form.
The Oklahoma Resolution of Meeting of LLC Members to Dissolve the Company is a legal document used by the members of a Limited Liability Company (LLC) in Oklahoma to formalize their decision to dissolve the company. This resolution outlines the steps and procedures involved in dissolving the LLC and ensures that all members are in agreement with the dissolution. Keywords: Oklahoma, resolution, meeting, LLC members, dissolve, company, legal document, Limited Liability Company, formalize, decision, steps, procedures, agreement, dissolution. There are two main types of Oklahoma Resolution of Meeting of LLC Members to Dissolve the Company: 1. Voluntary Dissolution: This type occurs when the members voluntarily decide to dissolve the LLC, usually due to various reasons, such as the achievement of the company's goals, lack of profitability, or changes in members' circumstances. The resolution specifies the effective date of dissolution and the required actions for winding up the LLC's affairs, including the distribution of assets and the payment of liabilities. 2. Involuntary Dissolution: This type of resolution arises in situations where the LLC cannot operate or continue its business due to specific legal reasons, such as the expiration of the LLC's duration, failure to maintain statutory requirements, or court order. In this case, the resolution outlines the reasons for the involuntary dissolution and the steps to be taken to wind up the LLC's affairs, similar to a voluntary dissolution. Regardless of the type chosen, the resolution typically includes the following key elements: 1. Title: "Resolution of Meeting of LLC Members to Dissolve the Company." 2. Identification: The resolution identifies the LLC's name, its principal place of business, and the date of the meeting where the resolution was adopted. 3. Intent to Dissolve: The resolution clearly states that the LLC members have resolved to dissolve the company, indicating whether it is a voluntary or involuntary dissolution. 4. Effective Date: The resolution specifies the effective date of the dissolution, which may be immediate or set for a specific future date. 5. Winding-Up Procedures: The resolution outlines the steps and procedures required to wind up the LLC's affairs, including the sale or distribution of assets, the settlement of liabilities, and the closing of bank accounts. 6. Distribution of Assets: If there are remaining assets after the payment of all liabilities, the resolution specifies how the assets should be distributed among the members, in accordance with the LLC's operating agreement or applicable state laws. 7. Filing of Dissolution Documents: The resolution includes instructions on filing the necessary dissolution documents with the Oklahoma Secretary of State and other relevant authorities, ensuring legal compliance. It is crucial to consult with a qualified attorney or legal professional familiar with Oklahoma LLC laws to ensure the accurate preparation and execution of the Resolution of Meeting of LLC Members to Dissolve the Company.
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