Utah Dissolution of Certificate of Organization (LLC) is a legal process for ending a limited liability company's (LLC) existence in Utah. It is the process of legally dissolving an LLC and officially notifying the Utah Division of Corporations and Commercial Code of the dissolution. There are two types of Utah Dissolution of Certificate of Organization (LLC): voluntary dissolution and involuntary dissolution. Voluntary dissolution occurs when the members of the LLC agree to dissolve the LLC and all of its assets and liabilities have been settled. Involuntary dissolution is ordered by a court and occurs when the LLC has failed to pay debts, has violated a law, or has not followed the provisions of the LLC's operating agreement. In either case, the LLC must file a Dissolution Certificate with the Utah Division of Corporations and Commercial Code in order to complete the dissolution process.
Utah Dissolution of Certificate of Organization (LLC)
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A member of an LLC can only be removed via written notice of withdrawal. The removal can happen unless the LLC's articles of organization or LLC operating agreement specify a method for LLC members to vote out other members.
Submit a UT Registration Information Change form When you remove a member from a Utah LLC, you must submit an LLC Registration Information Change form ($13) with the Utah Division of Corporations. You can file this form online, by mail, or by fax. By Fax: (801) 530-6438.
Dissolution, also called winding up, is a process that members of an LLC will go through in preparation to cancel with the secretary of state and terminate the existence of the LLC. Cancellation is on the secretary of state's side, which terminates the rights, privileges, and powers of an LLC.
You can file the amendment online or by mail. If you have an LLC, you'll be amending your Articles of Organization, and if you have a corporation, you'll amend its Articles of Incorporation. Your name change will be effective on the next business day after filing. There's a small filing fee for every amendment.
In Utah you're required to submit a statement of dissolution form to the Division of Corporations and Commercial Code, which can be found online. There is a mandatory fee for regular processing, and additional fees for optional expedited processing. Regular processing takes about five to seven business days.
How to Dissolve a Limited Liability Company (LLC) in Utah Hold a meeting of members and pass a resolution to dissolve the company.File the annual and other required reports with the state agency. Pay off all the outstanding business debts of the company.Pay all the outstanding taxes and fees owed by the company.
Yes, a Utah Registered Agent is necessary. State law requires someone to be available to accept Service of Process for your LLC. You must list a Registered Agent on your LLC paperwork. And then you must continuously maintain (keep) one on file with the state as long as your LLC exists.
This can happen in two ways. First, members can determine certain dissolution triggers (such as the death of a member) which are written into the LLC operating agreement. Second, members can cast a vote to dissolve the company at any time.