New York Dissolution Package to Dissolve Limited Liability Company LLC
What this document covers
The New York Dissolution Package is designed for the voluntary dissolution of a Limited Liability Company (LLC) or Professional Limited Liability Company (PLLC) in New York. This comprehensive package provides all necessary forms and instructions required to properly dissolve your LLC, ensuring compliance with state law. It differs from judicial dissolution forms as it focuses solely on voluntary actions taken by the members of the LLC.
Key components of this form
- Consent of members to initiate the dissolution process.
- Articles of Dissolution, which must be filed with the Secretary of State.
- Details on winding up the companyâs affairs, including asset distribution obligations.
- Transmittal letter for submitting the Articles of Dissolution.
Common use cases
You should use this form when you need to dissolve your LLC voluntarily. Scenarios include the decision by members to cease business operations, expiry of the business term stated in the operating agreement, or other significant changes leading to dissolution. This form helps to ensure that the dissolution process complies with New York state law, protecting members from future liabilities associated with the LLC.
Who can use this document
- Members of a Limited Liability Company (LLC) or Professional Limited Liability Company (PLLC) in New York.
- Individuals responsible for managing the dissolution process.
- Business owners seeking to formalize the end of their LLC operations.
How to prepare this document
- Step 1: Obtain the Consent of Members to Dissolution form and have all members sign it.
- Step 2: Complete the winding up process, ensuring all business affairs are settled.
- Step 3: Fill out the Articles of Dissolution, providing required information such as the name of the LLC and the date of the original filing.
- Step 4: File the Articles of Dissolution with the New York Department of State, including the filing fee.
- Step 5: Send the original and a copy of the Articles, along with a transmittal letter, to the appropriate department for processing.
Notarization guidance
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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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.
Avoid these common issues
- Not obtaining unanimous consent from all members before initiating dissolution.
- Failing to properly notify creditors and settle all outstanding debts before dissolution.
- Not filing the Articles of Dissolution with the Secretary of State within the required timeframe.
Why use this form online
- Convenient access to all necessary forms and instructions in one package.
- Editable templates allow you to customize the forms according to your LLC's specifics.
- Reliable and accurate legal documents created by licensed attorneys.
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FAQ
Follow the Rules of Dissolution. These should be stated in your LLC's operating agreement. Wind up your LLC. Notify concerned parties. Address any claims. File taxes. File articles of dissolution. Wrap up other tax business. Terminate out-of-state registrations.
Follow the Rules of Dissolution. These should be stated in your LLC's operating agreement. Wind up your LLC. Notify concerned parties. Address any claims. File taxes. File articles of dissolution. Wrap up other tax business. Terminate out-of-state registrations.
Written consent from the Tax Department (Form TR-960, Consent to Dissolution of a Corporation); one Certificate of Dissolution; and. a check for $60 payable to the New York Department of State.
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.
The fee for filing the Certificate of Dissolution is $60. The fee may be paid by cash, check, money order, MasterCard, Visa or American Express. Checks and money orders should be made payable to the New York Department of State. Please do not send cash through the mail.
In New York, both single-member LLCs and multi-member LLCs are typically required to pay an annual filing fee.The fee can vary from $25 to $4,500. You must pay the fee to the New York Department of Taxation and Finance by filing Form IT-204-LL within 60 days following the end of your LLC's tax year.
