North Carolina Dissolution Package to Dissolve Limited Liability Company LLC
About this form
The North Carolina Dissolution Package to Dissolve Limited Liability Company (LLC) provides all necessary forms and instructions required to officially dissolve an LLC or PLLC in North Carolina. Unlike similar forms, this package includes step-by-step guidance and critical documents needed for a smooth dissolution process, ensuring compliance with state regulations.
Main sections of this form
- Articles of Dissolution: This form must be filed with the Secretary of State to officially dissolve the LLC.
- Notice to Known Claimants: A notification for outstanding claims against the LLC must be sent to known creditors.
- Winding Up Instructions: Detailed guidelines on how to manage the LLC's affairs post-dissolution.
- Asset Distribution Guidelines: Information on how company assets should be distributed once the LLC is dissolved.
- Compliance with North Carolina General Statutes: Adherence to specific legal requirements as outlined in Chapter 57C.
When this form is needed
This dissolution package is essential when the owners of a Limited Liability Company in North Carolina decide to cease business operations. Use this form when you have fulfilled all obligations, wish to close your business formally, or if the LLC is no longer financially viable. The dissolution process is crucial for handling any remaining liabilities and distributing assets correctly to avoid future legal complications.
Who should use this form
This form is intended for:
- The members or managers of a Limited Liability Company (LLC) seeking to dissolve their business.
- Individuals or groups involved in a Professional Limited Liability Company (PLLC) wanting to formally cease operations.
- Business owners who have resolved all debts and wish to complete the dissolution process legally.
Completing this form step by step
- Complete the Articles of Dissolution form with your LLC's name, the date of organization, and the reason for dissolution.
- Prepare a Notice to Known Claimants to send to any creditors, detailing how to submit their claims.
- Follow the winding up instructions to manage the settlement of any remaining obligations and the distribution of assets.
- File the completed Articles of Dissolution with the North Carolina Secretary of State along with any applicable fees.
- Ensure to fulfill all requirements regarding claims and liabilities before finalizing the dissolution.
Notarization guidance
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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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.
Common mistakes
- Not notifying creditors before filing for dissolution, which can lead to legal issues down the line.
- Failing to address all liabilities, potentially leading to personal liability for members.
- Not filing the Articles of Dissolution correctly or missing filing fees that can delay the process.
Why complete this form online
- Convenience of accessing all necessary documents in one package.
- Easy editability allows you to fill out forms according to your specific business details.
- Reliability of updated legal forms drafted by licensed attorneys assures compliance with current laws.
Legal use & context
- This package ensures that the dissolution of your LLC is recognized and legally effective under North Carolina law.
- Failure to follow proper procedures can lead to complications, such as unresolved liabilities or claims against the LLC.
- Using the correct forms and following state laws helps protect members from personal liability after dissolution.
What to keep in mind
- The North Carolina Dissolution Package includes all forms needed to dissolve an LLC or PLLC.
- Proper completion and filing is crucial to avoid future liabilities and legal complications.
- Always notify creditors and fulfill obligations prior to completing the dissolution process.
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FAQ
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.
Step 1: Corporation or LLC action. Step 2: Filing the Certificate of Dissolution with the state. Step 3: Filing federal, state, and local tax forms. Step 4: Notifying creditors your business is ending. Step 5: Settling creditors' claims.
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.
Unless dissolved, your California LLC will continue to be liable for state fees, it will continue to be open to incurring more debts, it will continue to own the assets under its name, and you won't be able to sell those assets as your own.
If you want to close a North Carolina business, you do so by voluntarily filing Articles of Dissolution for the entity type (Business Corporation, Nonprofit Corporation, Limited Liability Company (LLC)).
There is no fee to file the California dissolution forms. To speed up the process, you can pay for expedited service and preclearance.
If you are a member of a limited liability company and wish to leave the membership voluntarily, you cannot simply walk away. There are procedures to follow that include methods of notification of the remaining membership, how assets are handled, and what the provisions of withdrawal are for each LLC.
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.
