Mississippi Termination of Operating Agreement

State:
Multi-State
Control #:
US-OG-768
Format:
Word; 
Rich Text
Instant download

Description

This form is used when all activities and operations on the Contract Area have ceased, and the Agreement is deemed, as of the Effective Date stated above, to have terminated, and the Contract Area, and all interests in it, are no longer subject to the terms and provisions of the Agreement.

How to fill out Termination Of Operating Agreement?

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FAQ

§ 79-29-315 - Access to and confidentiality of information; records. (f) Other information regarding the affairs of the limited liability company as is just and reasonable.

All Mississippi LLC filings can now be completed online. You simply create a corporate filing account with the Secretary of State and complete the dissolution online. You will have the option to do the whole dissolution process and pay your fees online or to print the forms and mail them to the Secretary of State.

(k) Transacting business in interstate commerce. (c) Is a member or manager of a limited liability company or foreign limited liability company that is transacting business in this state.

No, Mississippi does not require a written operating agreement but it is highly recommended to outline management, profit/loss distribution and voting rights.

The statute of limitations for open accounts (debts) is up to three years from the initial due date stated in the given account. The statute of limitations for a judgment is seven years.

Profanity in Public Title 97, Chap. 29 §47 It is illegal in Mississippi for anyone to ?profanely swear or curse, or use vulgar and indecent language, or be drunk in any public place, in the presence of two or more persons.?

The following operating agreement statutes are from the Revised Mississippi Limited Liability Company Act: Statute 79-29-123. General standards of conduct and construction and application of certificate of formation and operating agreement; scope, function, and limitations.

The filing fee for the dissolution of a Mississippi LLC is $50. Corporations, on the other hand, need to pay $25 for the Articles of Dissolution. If the filing is completed online the state charges an additional processing fee.

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Mississippi Termination of Operating Agreement