This form is a Resolution of Meeting of LLC Members to dissolve the company form.
Illinois Resolution of Meeting of LLC Members to Dissolve the Company
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US-206LLC
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How to fill out Resolution Of Meeting Of LLC Members To Dissolve The Company?
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FAQ
The dissolution is initiated by a resolution by the board of directors who submit it at a meeting of the shareholders. The shareholders each vote and if the resolution is approved, the directors have the authorization to proceed with the dissolution process.
A corporate resolution outlines the decisions and actions made by a company's board of directors. A corporation might use a corporate resolution to establish itself as an independent legal entity, which is separate from the owners.
To dissolve an LLC in Illinois, simply follow these three steps: Follow the Operating Agreement. Close Your Business Tax Accounts....Step 1: Follow Your Illinois LLC Operating Agreement.Step 2: Close Your Business Tax Accounts.Step 3: File Articles of Dissolution.08-Dec-2021
As far as the state of Illinois is concerned, there is a process for officially dissolving your business. You will need to file a document called Articles of Dissolution with the Secretary of State. If you fail to notify the state and simply stop renewing your registration, Illinois will dissolve the business for you.
How to Dissolve an LLCConfirm the Company Is in Good Standing.Hold a Vote to Dissolve the Business.File LLC Articles of Dissolution.Notify the Company's Stakeholders.Cancel Business Licenses and Permits.File the LLC's Final Payroll Taxes.Pay Final Sales Tax.File Final Income Tax Returns.More items...?19-Oct-2021
In Illinois, a corporation can be voluntarily dissolved by 1) a majority of the initial directors or a majority of the incorporators if there are no directors or 2) by the shareholders either by majority vote or by unanimous written consent.
Your filing usually will be processed in a week to 10 days. Expedited processing is available for an additional fee by in-person request in Chicago or Springfield. An articles of dissolution form is available for download from the SOS website.
Once you've followed the recommended steps, you're ready to apply to Companies House to strike off your company. The directors must formally agree to close down the company, either by passing a resolution at a board meeting or by written board resolution. You can then complete and file Companies House Form DS01.
To dissolve/terminate your domestic LLC in Illinois, you must submit the completed form LLC-35-15, Statement of Termination in duplicate to the Illinois Secretary of State by mail or in person along with the filing fee.
After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you can't liquidate assets that are used as collateral for loans.
