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.
Illinois USLegal Pamphlet on Dissolving an LLC
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US-PMPH-08
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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.
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.
