The Kentucky Articles of Dissolution (Limited Liability Company) is a document used to legally dissolve a Limited Liability Company (LLC) in the state of Kentucky. It is filed with the Kentucky Secretary of State and officially terminates the company’s legal existence in the state. The document includes the name of the LLC, its registered agent, and the date of the dissolution. It also includes the signature of the company’s registered agent and/or members. There are two types of Kentucky Articles of Dissolution (Limited Liability Company): Voluntary Dissolution and Judicial Dissolution. A Voluntary Dissolution is when the LLC owners agree to dissolve the company and follow the proper procedure to do so. Judicial Dissolution is when a court order is issued to dissolve the LLC due to legal issues.
Kentucky Articles of Dissolution (Limited Liability Company)
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FAQ
Is there a filing fee to dissolve or cancel a Kentucky LLC? There is a $40 filing fee to file Kentucky Articles of Dissolution.
In Kentucky, business entities are required by law to formally dissolve. In order to properly close, a domestic entity must file articles of dissolution, and a foreign entity must file a certificate of withdrawal. These forms are available for download on this website.
Kentucky doesn't have any law requiring LLCs to have an operating agreement.
Name your Kentucky LLC. Choose your registered agent. Prepare and file articles of organization. Receive a certificate from the state. Create an operating agreement. Get an Employer Identification Number.
Starting an LLC costs $40 in Kentucky. This is the state filing fee for a document called the Kentucky Articles of Organization. The Articles of Organization are filed with the Kentucky Secretary of State.
The LLC operating agreement, also known as an LLC agreement, establishes the rules and structure for the LLC and can help address any issues that arise during business operations. Most states have default provisions that address many of these difficulties, but the operating agreement can override these presumptions.
To protect the business' limited liability status: Operating agreements give members protection from personal liability to the LLC. Without this specific formality, your LLC can closely resemble a sole proprietorship or partnership, jeopardizing your personal liability.
Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.