Can I dissolve an LLC online?

File Articles of Dissolution with the state. Visit an online legal document creation service such as Legal Docs.com or Legal Zoom.com and write the LLC's Articles of Dissolution. These documents are necessary to legally separate each LLC member from the entity.

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Kentucky Dissolution Package to Dissolve Limited Liability Company LLC

Kentucky Dissolution Package to Dissolve Limited Liability Company LLC

Category:

Limited Liability Company - Dissolution

State:

Kentucky

Control #:

KY-DP-LLC-0001

Format:

Instant download

What this document covers

The Kentucky dissolution package is a comprehensive set of documents required to dissolve a Limited Liability Company (LLC) or Professional Limited Liability Company (PLLC) in Kentucky. This package includes all necessary forms, step-by-step instructions, and additional information tailored for a smooth dissolution process. It specifically focuses on voluntary dissolution, distinguishing it from administrative or judicial dissolution methods. Utilizing this package ensures compliance with Kentuckyâs legal requirements during the dissolution of your LLC.

Main sections of this form

Resolution of members consenting to dissolution
Articles of Dissolution to be filed with the Secretary of State
Notice to claimants to inform creditors of the dissolution
Public notice publication details to alert potential claimants
Notification of claim rejection procedures

Kentucky Dissolution Package to Dissolve Corporation

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Resolution of Meeting of LLC Members to Dissolve the Company

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Plan of complete liquidation and dissolution

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Certificate of Formation for Limited Liability Company LLC

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USLegal Pamphlet on Dissolving an LLC

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Situations where this form applies

This form is necessary when the members of a Kentucky LLC decide to voluntarily dissolve the company. Situations may include a decision to cease operations, a change in business strategy, or the agreement of all members to close the LLC. This dissolution package is especially useful for LLCs that want to ensure they follow all legal obligations and properly settle their affairs before ending their business.

Who needs this form

This form is intended for:

Members of a Kentucky LLC seeking to dissolve their company
Managers or authorized parties responsible for the LLC's final affairs
Business owners who want to officially and legally terminate their LLCâs existence in Kentucky

How to complete this form

Obtain the resolution of members consenting to the dissolution.
Fill out the Articles of Dissolution, providing the required details such as the LLC name and effective date of dissolution.
File the Articles of Dissolution with the Secretary of State, including the filing fee.
Complete and send notices to all known claimants informing them of the dissolution and how to file claims.
Publish a notice of dissolution in a local newspaper to satisfy statutory notice requirements.

Is notarization required?

Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

Typical mistakes to avoid

Failing to obtain unanimous consent from all members before dissolution.
Not providing proper notice to claimants or failing to meet publication requirements.
Neglecting to file the Articles of Dissolution with the Secretary of State.
Overlooking the need to settle all outstanding debts and claims before dissolution.

Benefits of completing this form online

Convenient access to all necessary forms and instructions from anywhere.
Edit and customize forms to fit specific business needs easily.
Reliable guidance through the dissolution process, ensuring compliance with state laws.

Quick recap

The Kentucky dissolution package is essential for the voluntary dissolution of an LLC in Kentucky.
It includes all necessary forms and compliance instructions to facilitate the process.
Proper notice to claimants and creditors is crucial for a smooth and legally sound dissolution.

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FAQ

There is no fee to file the certificate of dissolution. However, there is a non-refundable $15 special handling fee for processing documents delivered in person at the Sacramento SOS office. It can take the SOS many weeks to process a certificate. However, expedited service is available for an additional fee.

Method 1: You can voluntarily dissolve your LLC. This requires a majority vote from all members or a certain percentage of votes as required per your operating agreement. With the required votes, you can move forward with the 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.

File Articles of Dissolution with the state. Visit an online legal document creation service such as Legal Docs.com or Legal Zoom.com and write the LLC's Articles of Dissolution. These documents are necessary to legally separate each LLC member from the entity.

Dissolve the Legal Entity (LLC or Corporation) with the State. An LLC or Corporation needs to be officially dissolved. Pay Any Outstanding Bills. You need to satisfy any company debts before closing the business. Cancel Any Business Licenses or Permits. File Your Final Federal and State Tax Returns.

Just as you filed paperwork with the state to form your LLC, you must file articles of dissolution or a similar document to dissolve the LLC. These papers are filed with the same state agency that handed your original LLC formationusually the secretary of state.

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Kentucky Dissolution Package to Dissolve Limited Liability Company LLC

KENTUCKY
LIMITED LIABILITY COMPANY DISSOLUTION

STATUTORY REFERENCE

KENTUCKY REVISED STATUTES, Â§Â§ 275.285 through 275.325

A Kentucky limited liability company (LLC) may be dissolved in three different ways: voluntarily, administratively, or judicially. This form packet deals ONLY with the voluntary dissolution of a Kentucky LLC.

Dissolution

A LLC is dissolved and its affairs are to be wound up at or upon the first to occur of the following: 1. The time specified in the articles of organization or a written operating agreement;
2. The happening of an event specified in the articles of organization or a written operating agreement;
3. The written consent of a majority of the members of the LLC;
4. Entry of a decree of judicial dissolution under KRS 275.290 or the filing by the Secretary of State of a certificate of dissolution under KRS 275.295. Winding Up

To achieve a voluntary dissolution of a LLC, and unless otherwise provided in a written operating agreement, the business and affairs of the LLC may be wound up by the members or managers who had the authority to manage the LLC prior to dissolution.

A dissolved LLC continues its existence but may not carry on any business except that necessary and appropriate to wind up and liquidate its business and affairs.Â A dissolved LLC may: 1. Collect its assets.
2. Dispose of its properties that will not be distributed in kind to its members.
3. Discharge or make provision to discharge its liabilities.
4. Distribute its remaining property among its members according to their interests.
5. Do every other act necessary to wind up and liquidate its business and affairs. Dissolution of a LLC does NOT: 1. Transfer title to the LLC's property.
2. Prevent transfer of a LLC interest.
3. Subject the LLC members or managers to standards of conduct different from those prescribed by the Kentucky LLC Act.
4. Change quorum or voting requirements for its members or managers.
5. Change provisions for selection, resignation, or removal of LLC members or managers.
6. Change provisions for amending the LLC operating agreement.
7. Prevent commencement of a proceeding by or against the LLC in its name;
8. Abate or suspend a proceeding pending by or against the LLC on the effective date of dissolution;
9. Terminate the authority of the registered agent of the LLC.
10. Alter the obligations and responsibilities of the LLC as prescribed by applicable federal or state law with regard to the filing or examination of all federal and state tax returns or the payment, assessment, or collection of any federal or state tax due. Binding Acts of Members/Managers

After dissolution of the LLC, a member or manager having authority to wind up the LLC's business and affairs may bind the limited liability company by : 1. Any act appropriate for winding up the LLC's affairs or completing transactions unfinished at dissolution.
2. Any other act that would have bound the LLC if it had not been dissolved, but only if the other party to the transaction did not have notice of the dissolution.Â The filing of articles of dissolution is presumed to constitute notice of dissolution for this purpose. An act of a member or manager which is not specifically binding on the LLC pursuant to statute is binding if it is authorized by the LLC.

Distribution of Assets

Upon the winding up of a LLC, its assets must be used and distributed as follows: 1. Payment, or adequate provisions for payment, must be made to creditors, including members who are creditors, in satisfaction of liabilities of the LLC.
2. Unless otherwise provided in a written operating agreement, to members or former members in satisfaction of liabilities for distributions.
3. Unless otherwise provided in a written operating agreement, to members and former members first for the return of their contributions and second in proportion to the members' respective rights to share in distributions from the LLC prior to dissolution. Articles of Dissolution

When the LLC elects to dissolve and the winding up of the business is commenced, Articles of Dissolution must be filed in the Office of the Secretary of State.

Disposition of Claims

After filing the Articles of Dissolution, a LLC may dispose of the known claims against it by notifying its known claimants, in writing, of the dissolution after the effective date of dissolution. The written notice must: 1. Describe information that must be included in a claim. Provide a mailing address where a claim may be sent.
2. State the deadline (may fewer than one hundred twenty (120) days after the later of the date of the written notice or the filing of articles of dissolution) by which the LLC must receive the claim.
3. State that the claim will be barred if not received by the deadline. A claim against a LLC is barred: 1. If a claimant who is given written notice does not deliver the claim to the LLC by the deadline.
2. If a claimant whose claim was rejected by the LLC does not commence a proceeding to enforce the claim within ninety (90) days after the date of the rejection notice. A "claim" does not include a contingent liability or a claim based on an event occurring after the effective date of dissolution.

Publication of Notice of Dissolution

A dissolved LLC may publish notice of its dissolution.Â The notice must: 1. Be published once in a newspaper of general circulation in the county where the LLC's principal office, or, if none in Kentucky, its registered office is or was last located.
2. Describe the information that must be included in a claim and provide a mailing address where the claim may be sent.
3. State that a claim against the LLC will be barred unless a proceeding to enforce the claim is commenced within two years (five years for a professional LLC) after the publication of the If a dissolved LLC publishes the statutorily prescribed newspaper notice, the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim is commenced within the times set out by statute: 1. A claimant who did not receive written notice under KRS 275.320.
2. A claimant whose claim was timely sent to the LLC but not acted on.
3. A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution. A claim may be enforced against a LLC to the extent of its undistributed assets or, if the assets have been distributed in liquidation, against a member of the LLC to the extent of that member's pro rata share of the claim or the assets of the LLC distributed to the member in liquidation, whichever is less.Â A member's total liability for all claims may not exceed the total amount of assets, less liabilities assumed or taken subject to, distributed to the member.

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.

Kentucky Dissolution Package to Dissolve Limited Liability Company LLC

KENTUCKY
LIMITED LIABILITY COMPANY DISSOLUTION

STATUTORY REFERENCE

KENTUCKY REVISED STATUTES, Â§Â§ 275.285 through 275.325

Dissolution

Distribution of Assets

When the LLC elects to dissolve and the winding up of the business is commenced, Articles of Dissolution must be filed in the Office of the Secretary of State.

Disposition of Claims

Publication of Notice of Dissolution

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.

Kentucky Dissolution Package to Dissolve Limited Liability Company LLC

What this document covers

Main sections of this form

Related forms

Situations where this form applies

Who needs this form

How to complete this form

Is notarization required?

Get your form ready online

Typical mistakes to avoid

Benefits of completing this form online

Quick recap

Looking for another form?

Viewed forms

Form popularity

FAQ

How much does it cost to dissolve LLC?

Can one member dissolve an LLC?

How do I close an LLC in Kentucky?

How do you dissolve an LLC in Kentucky?

Can I dissolve an LLC online?

How do you dissolve a LLC that was not used?

How do you dissolve an LLC legally?

Explore more forms

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

Kentucky Dissolution Package to Dissolve Limited Liability Company LLC

What this document covers

Main sections of this form

Related forms

Situations where this form applies

Who needs this form

How to complete this form

Is notarization required?

Get your form ready online

Related legal definitions

Typical mistakes to avoid

Benefits of completing this form online

Quick recap

Looking for another form?

Viewed forms

Form popularity

FAQ

How much does it cost to dissolve LLC?

Can one member dissolve an LLC?

How do I close an LLC in Kentucky?

How do you dissolve an LLC in Kentucky?

Can I dissolve an LLC online?

How do you dissolve a LLC that was not used?

How do you dissolve an LLC legally?

Kentucky Dissolution Package to Dissolve Limited Liability Company LLC Related Searches

Explore more forms

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