Kentucky Articles of Dissolution- Profit Corporation

State:
Kentucky
Control #:
KY-SKU-0785
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PDF
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Description

Articles of Dissolution- Profit - dissolution by incorporators or initial directors

Kentucky Articles of Dissolution- Profit Corporation is a legal document used to dissolve a Kentucky Profit Corporation. This document is filed with the Kentucky Secretary of State (SOS) in order to terminate the existence of a corporation in the state. There are two types of Kentucky Articles of Dissolution- Profit Corporation; voluntary and involuntary. A voluntary dissolution occurs when a corporation’s board of directors decides to terminate the company and files the necessary paperwork with the SOS. An involuntary dissolution occurs when the SOS revoke the corporation’s charter due to failure to comply with Kentucky’s corporate laws. Both voluntary and involuntary dissolution require the filing of Kentucky Articles of Dissolution- Profit Corporation with the SOS. The Articles of Dissolution must include the name of the corporation, the date of dissolution, the name and address of the registered agent, and the name and address of the person filing the document. Additionally, the Articles of Dissolution must be signed by the board of directors or by a majority of the shareholders. Once the Articles of Dissolution are filed, the corporation is officially dissolved and its corporate existence is terminated.

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FAQ

In Kentucky, business entities are required by law to formally dissolve. In order to properly close, a domestic entity must file articles of dissolution, and a foreign entity must file a certificate of withdrawal. These forms are available for download on this website.

In Kentucky, business entities are required by law to formally dissolve. In order to properly close, a domestic entity must file articles of dissolution, and a foreign entity must file a certificate of withdrawal. These forms are available for download on this website.

Kentucky LLCs, like all LLCs, are taxed as pass-through entities by default, which means you report your LLC's profits and losses on your individual tax returns. In Kentucky, the personal net income tax rate you'll pay is a flat 5%.

To make a copy of the filing for delivery to the local county clerk's office, visit .sos.ky.gov and print a copy from the organization search tool. The document will be effective on the date and time of filing. The filing fee for the document is $40.00.

If your Kentucky LLC was administratively dissolved by the Kentucky Secretary of State (SOS), you can reinstate at any time. You just have to complete and submit the Reinstatement Application. The reinstatement application packet is available on the SOS Business Services website.

Is there a filing fee to dissolve or cancel a Kentucky LLC? There is a $40 filing fee to file Kentucky Articles of Dissolution.

Kentucky requires business owners to submit their Articles of Dissolution by mail or in person. You can also have a professional service provider file your Articles of Dissolution for you. Incfile prepares the Articles of Dissolution for you, and files them to the state for $149 + State Fees.

Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.

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Kentucky Articles of Dissolution- Profit Corporation