This Plan of Dissolution of a Law Firm covers covers all necessary topics for the dissolution of the firm. Included are: Plan of dissolution, liquidation objectives, surrender of leasehold estates, estimated balance sheet items, termination of personnel, accounts receivable billing and collecting, cash management, professional liability, and indemnity issues.
Kansas Dissolving a Law Firm
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Multi-State
Control #:
US-L07054
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FAQ
Form 8979 is used to revoke a partnership representative or designated individual, resign as a partnership representative or designated individual, or designate a partnership representative where no partnership representative is in effect.
It is important to provide a formal written notice of the removal to the owner being removed. The written notice should contain all relevant details regarding the removal. The notice should include the reasons behind the decision and the date of the removal. Due to its importance, notices should be in writing.
File a dissolution online at sos.ks.gov. Please proceed to form. Note: If this certificate is submitted after the close of the corporation's tax year, an annual report and fee must be submitted with or filed prior to the certificate of dissolution.
I suggest you review your LLC's operating agreement. It should contain the procedure on how to deal with an outgoing member. If you do not have an Operating Agreement, then depending on state laws you might have to buy out your partner's membership interest or might have to dissolve the LLC.
What to do when you close your business: Complete the Notice of Business Closure (CR-108) Return the completed form to: Kansas Department of Revenue, PO Box 3506, Topeka, KS 66625-3506 or FAX to 785-291-3614. Include information on the date the business was closed. Make sure all tax filings are current.
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.
Another way to remove a member is by a vote with the other LLC members. Some LLCs require a unanimous vote to remove a member, while others may only require a majority vote. It is crucial to follow the correct voting procedure outlined in the operating agreement or state laws.
How do you dissolve or cancel a Kansas Limited Liability Company? For online filing: Visit the Kansas.gov Business Center website. You can get there by going to the SOS website and clicking on ?Business Filing Center.? Then you can choose to file the cancellation.