Kentucky Dissolution of Unit
Description
How to fill out Dissolution Of Unit?
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FAQ
The maximum penalty is for the LLC to be administratively dissolved or terminated. This means that the LLC's right to conduct business is ended and the only action the LLC can lawfully take is to wind up its affairs, pay its remaining debts and distribute the remaining assets to the owners.
The Secretary of State shall file the original of the certificate and advise the entity of that determination. (3) An entity administratively dissolved continues its existence but shall not carry on any business except that necessary to wind up and liquidate its business and affairs.
Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority.
A dissolved business can't operate or conduct business other than that which is necessary to wind up its affairs and liquidate its assets.
First, you need to be sure to include the legal name of your company. Second, your articles of dissolution should state the date when your company will be dissolved. Finally, there should be a statement that your corporation's board of directors or your LLC's members approved the dissolution.
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.
To dissolve your Kentucky LLC, you file the Articles of Dissolution and one exact copy with the Kentucky Secretary of State (SOS) by mail or in person. If the forms provided by the SOS do not meet your needs, you can't just attach additional documentation, but you can create your own custom forms.
The filing fee for Articles of Dissolution is $40.00. Your check should be made payable to the "Kentucky State Treasurer."