Dissolve Limited Liability Company Without A Written Operating Agreement
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FAQ
Negotiate and execute an operating agreement.Texas does not require an operating agreement in order to form an LLC, but executing one is highly advisable.
To close an LLC, the members need to surrender the authority of the company to do business. They can do this by sending a complete Articles of Dissolution to the secretary of state. However, filing these dissolution papers is one part of closing a limited liability company.
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.
If you do not get an operating agreement, your LLC will be governed by the Texas Limited Liability Act. However, these statutes are skeletal in substance and clumsy in their application.
An operating agreement is ONLY required in the five (5) States of California, Delaware, Maine, Missouri, and New York. In all other States, an operating agreement is not required but is recommended to be written and signed by all members of the LLC.