Louisiana Affidavit of Dissolution

State:
Louisiana
Control #:
LA-716-M
Format:
Word; 
Rich Text
Instant download

Description

This is an example of an affidavit executed to dissolve a corporation in accordance with La. R.S. 12:142.1. Note that the corporation must not currently be doing business and must owe no obligations. Note also that dissolution by affidavit leaves the shareholders personally liable for debts or claims existing at the time of the affidavit or thereafter arising. This form assumes that stock was issued to two shareholders, but the statute requires that each shareholder sign the affidavit. The statute also provides that if no shares have been issued, the incorporator(s) execute the affidavit
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FAQ

Just as you filed paperwork with the state to form your LLC, you must file articles of dissolution or a similar document to dissolve the LLC. These papers are filed with the same state agency that handed your original LLC formationusually the secretary of state.

File Affidavit to Dissolve with the state To close your LLC in Louisiana, you have to submit by mail or in person a notarized Affidavit to Dissolve Limited Liability Company along with the filing fee. Alternatively, your company may also file online through the website of the Secretary of State.

You must file Form 966, Corporate Dissolution or Liquidation, if you adopt a resolution or plan to dissolve the corporation or liquidate any of its stock.

During the winding-up phase, LLC members may not be entitled to receive any LLC property and the property would remain in the LLC's possession. Wrongfully transferring property to a member without first ensuring the creditors have been paid and other obligations met may create legal trouble for the business.

In Louisiana, you must file an Affadavit to Dissolve Limited Liability Company with the Secretary of State. The state will then send you a Certificate of Dissolution. Louisiana requires business owners to submit their Certificate of Dissolution by mail, fax, in person, or online.

File Articles of Dissolution with the state. Visit an online legal document creation service such as Legal Docs.com or Legal Zoom.com and write the LLC's Articles of Dissolution. These documents are necessary to legally separate each LLC member from the entity.

A corporation can choose to dissolve by two different methods: by filing a notarized affidavit of dissolution with the Louisiana Secretary of State, or by filing an application to dissolve, referred to as a long form dissolution.

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Louisiana Affidavit of Dissolution