Louisiana Plan of complete liquidation and dissolution
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FAQ
You must pay all of your debts before you can distribute company assets to the members when closing an LLC. The members are personally liable to the creditors of the company, so you must be sure the creditors are paid before taking the remaining assets.
To terminate with the Secretary of State, the LLC has to be active with good standing. There is no fee to file this certificate. No official tax clearance is required to dissolve your LLC. The filing of a dissolution for a Georgia LLC typically takes 7 to 10 business days.
To comply with corporation formalities, the board of directors should draft and approve the resolution to dissolve. Shareholders then vote on the director-approved resolution. Both actions should be documented and placed in the corporate record book.
You can get an LLC in Louisiana in 3-5 business days if you file online (or 2-3 weeks if you file by mail). If you need your Louisiana LLC faster, you can pay for expedited processing.
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.
To revive a Louisiana LLC, you'll need to file the Louisiana reinstatement application with the Louisiana Secretary of State. You'll also have to fix the issues that led to your Lousiana LLC's dissolution.
Most documents filed with the Louisiana Secretary of State are processed in approximately one week. You may expedite for an additional $30, which usually means approximately 24-hour processing to receive your Certificate of Dissolution.
