How do I dissolve an LLC in UT?

Dissolving an LLC in Utah involves submitting a Certificate of Dissolution to the Utah Division of Corporations. This process may differ from Texas, so it s essential to familiarize yourself with Utah s specific requirements. While you're exploring options, consider the benefits of the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC, as it can help you navigate dissolution with ease. Each state has unique regulations, so ensure you comply with all local laws.

US Legal Forms
Localized Forms
Texas
Laredo
Texas Dissolution Package to Dissolve Limited Liability Company LLC

Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC

Name: Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC
Brand: US Legal Forms
Rating: 4.7 (469 reviews)

Category:

Limited Liability Company - Dissolution

State:

Texas

City:

Laredo

Control #:

TX-DP-LLC-0001

Format:

Instant download

Description

The dissolution package contains all forms to dissolve a LLC or PLLC in Texas, step by step instructions, addresses, transmittal letters, and other information.

Texas Limited Liability Company LLC Formation Package

View this form

Single Member Limited Liability Company LLC Company Agreement

View this form

LLC Notices, Resolutions and other Operations Forms Package

View this form

Notice of Meeting of Members of LLC Limited Liability Company to consider dissolution of company

View this form

Sacramento Answer to Temporary Restraining Order - Domestic Violence Prevention

View this form

Sample Collaboration Agreement

View this form

Notice to Client of Proposed Settlement

View this form

Objection to Allowed Claim in Accounting

View this form

Action by Unanimous Written Consent of the...

View this form

Conversion of An Oil Or Gas Well to An inj...

View this form

Outside Project Manager Agreement - Self-E...

View this form

Maintenance Engineer Checklist

View this form

Release of Claims for Future Accidental In...

View this form

Nonexclusive Online Affiliate Form - Short

View this form

Boarding Contract or Contract with Dog Kennel

View this form

How to fill out Laredo Texas Dissolution Package To Dissolve Limited Liability Company LLC?

Obtaining verified templates tailored to your local regulations can be difficult unless you utilize the US Legal Forms repository.

It represents an online collection of over 85,000 legal documents for both personal and business requirements as well as any real-world situations.

All the papers are accurately classified by usage area and jurisdiction, making the search for the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC as straightforward as 1-2-3.

Complete the transaction by providing your credit card details or using your PayPal account to pay for the subscription.

Review the Preview mode and document description.
Ensure that you have selected the correct one that fits your needs and fully aligns with your local jurisdiction stipulations.
Search for an alternative template, if necessary.
If you notice any discrepancies, utilize the Search tab above to locate the appropriate one. If it meets your requirements, proceed to the next step.
Purchase the document.

Form popularity

FAQ

To get your LLC undissolved, you must file a formal application with the Texas Secretary of State. This process typically involves submitting the correct forms along with any required fees. Keep in mind, you will need to demonstrate that your LLC is eligible for reinstatement. Using the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC can simplify your journey and ensure you follow the necessary steps.

The time it takes to terminate an LLC in Texas can vary depending on several factors, but generally, the process can take a few weeks. After submitting the Certificate of Termination, you may receive confirmation from the Secretary of State within 10 to 15 business days. However, using the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC can expedite your termination by ensuring all documents are correctly completed and filed promptly.

To dissolve your LLC in Texas, you must file a Certificate of Termination with the Texas Secretary of State. This step is essential to officially conclude your business activities. Additionally, you should ensure all taxes are settled and notify any creditors. Using the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC can simplify this process and guide you through the necessary paperwork.

Before dissolving your LLC, review the company's operating agreement and obtain member approval for dissolution. Make sure to settle all debts and obligations to creditors to avoid legal complications. Utilizing the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC can help guide you through the necessary steps and ensure you meet all requirements.

Dissolving a company in Texas involves filing specific documents with the Secretary of State, starting with the Certificate of Termination. This process is straightforward with the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC, which provides you with the necessary tools and forms. Remember to notify creditors and settle any outstanding obligations before finalizing the dissolution.

To dissolve your LLC in Texas, you will need to complete and file the Certificate of Termination with the Texas Secretary of State. This form is included in the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC. Additionally, ensure all members have taken the necessary steps to settle any debts and distribute assets before submission.

Dissolving an LLC can have several drawbacks. Once dissolved, the business cannot conduct any operations, which can affect any ongoing contracts or client relationships. Additionally, using the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC can help minimize potential issues during this process. It's critical to weigh these considerations before making your final decision.

Terminating an LLC usually refers to ending its legal existence, while dissolving focuses more on the formal process of winding down business operations. In Texas, dissolution involves filing the appropriate documents with the Secretary of State, such as through the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC. This package ensures you follow the proper procedures, protecting your interests during this essential transition.

Dissolving an LLC in Utah involves submitting a Certificate of Dissolution to the Utah Division of Corporations. This process may differ from Texas, so it’s essential to familiarize yourself with Utah’s specific requirements. While you're exploring options, consider the benefits of the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC, as it can help you navigate dissolution with ease. Each state has unique regulations, so ensure you comply with all local laws.

To dissolve an LLC in Texas online, you can visit the Texas Secretary of State's website. There, you will find the necessary forms required for dissolution. Utilizing the Laredo Texas Dissolution Package to Dissolve Limited Liability Company LLC simplifies this process, providing clear instructions and guidance every step of the way. Make sure all business obligations are settled before proceeding with your online dissolution.

Interesting Questions

Trusted and secure by over 3 million people of the world’s leading companies

Texas Dissolution Package to Dissolve Limited Liability Company LLC

TEXAS
LIMITED LIABILITY COMPANY DISSOLUTION

STATUTORY REFERENCE:

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Texas Statutes: Business Organization Code; Title 1, Chapter 11 & Title 3, Chapter 101, Subchapter L

DISCUSSION

A Texas limited liability company (LLC) is dissolved and it must wind up its business affairs upon the happening of the first to occur of the following:

the period fixed for the duration of the LLC expires;
the occurrence of events specified in the articles of organization or in the regulations to cause dissolution;
the action of the members to dissolve the LLC;
if no capital has been paid into the LLC, the act of a majority of the managers or members named in the articles of organization to dissolve the limitedÂ liability company;
except as otherwise provided upon the death, expulsion, withdrawal pursuant to or as provided in the articles of organization or regulations, bankruptcy, or dissolution of a member or the occurrence of any other event which terminates the continued membership of a member in the LLC; or
entry of a decree of judicial dissolution under Section 6.02 of this Act.

A LLC is not upon the happening of an event of dissolution if there is at least one remaining member, and the business of the LLC is continued by the vote of that/those members as stated in the articles of organization or regulations of the LLC, or if not so stated, by all remaining members.

Unless otherwise provided in the articles of organization or in the regulations, an election to continue the business of the LLC must be made within 90 days after the date of the occurrence of the event of dissolution. If an election to continue the business of the LLC is so made, the election is not effective unless an appropriate amendmentÂ extending the period fixed for the duration of the LLC or deleting the event specified in the articles of organization that caused the dissolution is made by the LLC to its articles of organization during the three-year period following the date of the event of dissolution.

When the LLC is dissolved, the affairs of the business must be wound up as soon as reasonably practicable. The winding up is accomplished by the managers or members or by any other person or persons designated by the articles of organization, by the regulations, or by resolution of the managers or members. (A court of competent jurisdiction, on cause shown, may wind up the LLC's affairs on application of any member or the member's legal representative or assignee and may appoint a person to carry out the liquidation and may make all other orders, directions, and inquiries that the circumstances require.)

When the LLC is dissolved, and BEFORE it files Articles of Dissolution, the LLC

must cease to carry on its business except as may be necessary for the winding up process.

must send a written notice by registered or certified mail of the intent of the LLC to dissolve to each known creditor of and claimant against the LLC.

must collect its assets, convey and dispose of such of its properties as are not to be distributed in kind to its members, pay, satisfy or discharge its liabilities and obligations, (or make adequate provisions for payment and discharge of those liabilities and obligations), and

must do all other acts required to liquidate its business and affairs.

Â In the event that the assets of the LLC are not sufficient to satisfy or discharge all the LLC's liabilities and obligations, the LLC must apply those assets so far as they will go to the just and equitable payment of the liabilities and obligations.

After paying or discharging all of its obligations, or making adequate provisions for payment and discharge of those obligations, the LLC must then distribute the remainder of its assets, either in cash or in kind, among its members according to their respective rights and interest.

On the winding up of a LLC, the assets must be paid orÂ transferred as follows:

to the extent otherwise permitted by law, to creditors, including members who are creditors in satisfaction of liabilities (other than for distributions) of the LLC, whether by payment or by establishment of reserves;

unless otherwise provided by the articles of organization or regulations, to members and former members in satisfaction of the company's liability for distributions; and

unless otherwise provided by the articles of organization or regulations, to members its members according to their respective rights and interest.

When all liabilities and obligations of the LLC have been paid or discharged (or adequate provision has been made for those liabilities and obligations) and all of the remaining property and assets of the LLC have been distributed to its members according to their respective rights and interest, articles of dissolution are filed by a manager or authorized member, or in the case of a dissolution by action of the organizer of the LLC, by the organizer. In the event the LLC property and assets are not sufficient to satisfy and discharge all the LLC's liabilities and obligations and all the property and assets have been applied so far as they will go to the just and equitable payment of the LLC's liabilities and obligations, articles of dissolution are filed at that time.

If the LLC has elected to dissolve by action of its members, a copy of the resolution to dissolve, together with a statement that the resolution was adopted in accordance with Section D, Article 2.23, of this the Limited Liability Company Act.

When the articles of dissolution filed, there must be filed with them a certificate (#05-305 or #05-329) from the Comptroller of Public Accounts that all franchise taxes have been paid and that the company is in good standing for the purpose of dissolution.

A tax year ends on December 31st. The company must be in good standing through the date of receipt of the articles of dissolution by the secretary of state. A post mark date will not be considered as the date of receipt. The Secretary of State suggests thatÂ companies attempting to dissolve prior to the end of the franchise tax year, make their submissions well in advance of the tax deadline.

Limited liability companies not dissolved on or before December 31st will be subject to the new franchise tax year's requirements as of January 1st.

Note: All Information and Previews are subject to the Disclaimer located on the main forms page, and also linked at the bottom of all search results.

Texas Dissolution Package to Dissolve Limited Liability Company LLC

TEXAS
LIMITED LIABILITY COMPANY DISSOLUTION

STATUTORY REFERENCE:

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Texas Statutes: Business Organization Code; Title 1, Chapter 11 & Title 3, Chapter 101, Subchapter L

DISCUSSION

A Texas limited liability company (LLC) is dissolved and it must wind up its business affairs upon the happening of the first to occur of the following:

the period fixed for the duration of the LLC expires;
the occurrence of events specified in the articles of organization or in the regulations to cause dissolution;
the action of the members to dissolve the LLC;
if no capital has been paid into the LLC, the act of a majority of the managers or members named in the articles of organization to dissolve the limitedÂ liability company;
except as otherwise provided upon the death, expulsion, withdrawal pursuant to or as provided in the articles of organization or regulations, bankruptcy, or dissolution of a member or the occurrence of any other event which terminates the continued membership of a member in the LLC; or
entry of a decree of judicial dissolution under Section 6.02 of this Act.