Oregon Articles of Amendment-Dissolution (Domestic LLC) are legal documents that may be filed with the Oregon Secretary of State to dissolve a Domestic Limited Liability Company (LLC). These documents must be filled out and signed by all members of the LLC and then submitted to the Oregon Secretary of State’s office. The Articles of Amendment-Dissolution will also list any debts and obligations that must be paid off before the LLC can be dissolved. There are two types of Oregon Articles of Amendment-Dissolution (Domestic LLC): Articles of Amendment-Dissolution with Dissolution and Articles of Amendment-Dissolution without Dissolution. The Articles of Amendment-Dissolution with Dissolution must be used when the LLC is being dissolved and all assets of the LLC must be distributed to the members. The Articles of Amendment-Dissolution without Dissolution must be used when the LLC plans to continue operations but wishes to make changes to the LLC’s operating agreement.
Oregon Articles of Amendment-Dissolution (Domestic LLC)
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How to fill out Oregon Articles Of Amendment-Dissolution (Domestic LLC)?
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A registered agent can be an individual or a legal entity. Limited liability companies organized under Oregon statute are "domestic" limited liability companies. Those formed under the laws of other states, but transacting business in Oregon, are "foreign" limited liability companies.
To make amendments to your Oregon Corporation, you provide the completed Oregon Articles of Amendment ? Business/Professional form and provide them to the Oregon Secretary of State Corporation Division by mail, in person to the Customer Service Desk or by fax with a Fax Cover Sheet. Original signature is NOT required.
An LLC operating agreement refers to a legal document that details an LLC's establishment, size, policies, procedures, members' roles, and other aspects. The state of Oregon does not require an LLC to have an operating agreement.
To dissolve/terminate your LLC in Oregon, you must provide the completed Articles of Amendment/Dissolution ? Limited Liability Company form to the Oregon Secretary of State Corporation Division by mail, in person or by fax with a Fax Cover Sheet. Original signature is NOT required.
A domestic LLC or corporation is a business that is formed within its home (domestic) state. Foreign qualification is when a legal entity conducts business in a state or jurisdiction other than the one in which it was originally formed. (It is not to be confused with being a business in a foreign country.)
An LLC exists separately from its owners?known as members. However, members are not personally responsible for business debts and liabilities. Instead, the LLC is responsible. A sole proprietorship is an unincorporated business owned and run by one person.
LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as shareholders. S corporations cannot be owned by corporations, LLCs, partnerships or many trusts.
Follow These Steps File Closure With the Secretary of State. Find your business type on the Business Registration Forms page.Settle Assets. If a business is permanently closing, assets of the business may need to be sold off and reported as taxable income for the business.Close Any Licenses.Taxes.