This pamphlet provides an overview on the dissolution of a limited liability company (LLC). Topics included cover the reasons for dissolution, different types of dissolution, and steps needed to dissolve an LLC.
District of Columbia USLegal Pamphlet on Dissolving an LLC
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FAQ
How much does it cost to form an LLC in the District of Columbia? The District of Columbia Corporations Division charges a $220 fee to file the Articles of Organization. It will cost $50 to file a name reservation application, if you wish to reserve your LLC name prior to filing the Articles of Organization.
How to Dissolve an LLCVote to Dissolve the LLC. Members who decide to dissolve the company are taking part in something called a voluntary dissolution.File Your Final Tax Return.File an Article of Dissolution.Settle Outstanding Debts.Distribute Assets.Conduct Other Wind Down Processes.
These terms are often used interchangeably, but have distinct legal meanings. Dissolution is the winding up of the affairs of the entity in advance of the termination of the entity. Termination of the entity occurs when the entity ceases to legally exist.
Close Your BusinessDissolve your business entity with the Corporations Division, (202) 442-4400, Option #5, 1100 4th Street, SW, 2nd Floor, Washington, DC 20024;Cancel your Basic Business License with the Business Licensing Division, (202) 442-4400, Option #4, 1100 4th Street, SW, 2nd Floor, Washington, DC 20024.More items...
Dissolution generally occurs when the business purpose of the LLC is completed or ceases to be economically viable. The members may also agree to dissolve the LLC if they are at an impasse regarding fundamental decisions concerning the LLC's business operations.
There is a $220 filing fee to dissolve your Limited Liability Company in the District of Columbia. You can pay an additional $50 expedite fee to have the form processed in three days.
To dissolve an LLC in DC, simply follow these three steps: Follow the Operating Agreement. Close Your Business Tax Accounts....Step 1: Follow Your Washington D.C. LLC Operating Agreement.Step 2: Close Your Business Tax Accounts.Step 3: File Articles of Dissolution.
To dissolve an LLC in DC, simply follow these three steps: Follow the Operating Agreement. Close Your Business Tax Accounts....Step 1: Follow Your Washington D.C. LLC Operating Agreement.Step 2: Close Your Business Tax Accounts.Step 3: File Articles of Dissolution.
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