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.
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.
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To fully dissolve your LLC, you need to follow a series of steps. Start by notifying all members and creditors, then settle any outstanding debts. Next, file the necessary dissolution documents with the state, which you can easily find in the Illinois USLegal Pamphlet on Dissolving an LLC. This guide will provide you with the information needed to ensure a complete and proper dissolution.
To dissolve an LLC in Illinois, begin by filing the appropriate paperwork with the Secretary of State. You must submit the Articles of Dissolution, which can be found in the Illinois USLegal Pamphlet on Dissolving an LLC. Ensure that all outstanding debts and obligations are settled before submitting your dissolution documents. Following these steps will help you complete the process smoothly.
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.
An articles of dissolution form (Form BCA 12.20) is available for download from the SOS website. You must submit two copies of the articles. There is a $5 fee to file the articles. Your filing usually will be processed in 7-10 days.
How do you dissolve an Illinois Corporation? 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 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.
Is there a filing fee to dissolve or cancel an Illinois LLC? To dissolve your LLC or corporation in Illinois, there is a $5 filing fee required.
How do you dissolve an Illinois Corporation? 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 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.
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.