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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.
To dissolve your corporation in Illinois, you submit in duplicate the completed BCA 12.20, Articles of Dissolution form by mail or in person to the Secretary of State along with the filing fee.
To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail. The member in question of removal may need to get compensated for his share of membership interests.
What is the process of transferring LLC ownership in Illinois? Review the LLC Operating Agreement. The first step in transferring LLC ownership is to review your LLC's operating agreement. ... Prepare a Membership Interest Transfer Agreement. ... Obtain Approval from All LLC Members. ... File the Required Documents.
File Articles of Dissolution You must submit an Illinois Statement of Termination (Form LLC-35.15) to the Secretary of State to dissolve the LLC. The form may be mailed, delivered in person, or submitted online. An LLC must be in good standing to be voluntarily dissolved.