New York Dissolution Package to Dissolve Limited Liability Company LLC
Description
A New York Dissolution Package to Dissolve Limited Liability Company (LLC) is a legal collection of forms and documents necessary for winding up the operations of an LLC in New York State. This package signifies the official intent to dissolve the business entity and manage the distribution of its assets and liabilities in accordance with state law.
Completing the forms in the dissolution package requires attention to detail. To ensure accuracy:
- Download and print the required forms.
- Provide the LLC name and file number as stated in the original articles of organization.
- Indicate the dissolution date, and provide details on the events prompting the dissolution.
- Obtain necessary signatures from members consenting to the dissolution.
- File the completed articles with the Secretary of State.
This form is intended for members of a limited liability company in New York who wish to formally dissolve their business. It is suitable for all members, including managers and managing members, who want to initiate and complete the dissolution process according to legal requirements.
The dissolution package comprises several key forms:
- Consent of Members to Dissolution: A document where members agree to dissolve the LLC.
- Articles of Dissolution: The official filing that informs the state of the intended dissolution.
- Transmittal Letter: A cover letter to accompany the Articles of Dissolution when filing with the Secretary of State.
New York law mandates specific procedures when dissolving an LLC, including:
- Filing Articles of Dissolution within ninety days after the dissolution decision.
- Providing accurate details regarding the dissolution and the LLC’s operations.
- Paying the required filing fee of $60.00 when submitting the dissolution documents.
When completing the dissolution forms, be mindful of the following common mistakes:
- Failing to obtain all necessary member signatures.
- Entering incorrect or outdated information regarding the LLC.
- Not filing the Articles of Dissolution within the required time frame.
- Overlooking the filing fee and submitting an incomplete payment.
How to fill out New York Dissolution Package To Dissolve Limited Liability Company LLC?
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FAQ
Follow the Rules of Dissolution. These should be stated in your LLC's operating agreement. Wind up your LLC. Notify concerned parties. Address any claims. File taxes. File articles of dissolution. Wrap up other tax business. Terminate out-of-state registrations.
Follow the Rules of Dissolution. These should be stated in your LLC's operating agreement. Wind up your LLC. Notify concerned parties. Address any claims. File taxes. File articles of dissolution. Wrap up other tax business. Terminate out-of-state registrations.
Written consent from the Tax Department (Form TR-960, Consent to Dissolution of a Corporation); one Certificate of Dissolution; and. a check for $60 payable to the New York Department of State.
There is no fee to file the certificate of dissolution. However, there is a non-refundable $15 special handling fee for processing documents delivered in person at the Sacramento SOS office. It can take the SOS many weeks to process a certificate. However, expedited service is available for an additional fee.
The fee for filing the Certificate of Dissolution is $60. The fee may be paid by cash, check, money order, MasterCard, Visa or American Express. Checks and money orders should be made payable to the New York Department of State. Please do not send cash through the mail.
In New York, both single-member LLCs and multi-member LLCs are typically required to pay an annual filing fee.The fee can vary from $25 to $4,500. You must pay the fee to the New York Department of Taxation and Finance by filing Form IT-204-LL within 60 days following the end of your LLC's tax year.