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.
Utah Termination of Operating Agreement
Category:
State:
Multi-State
Control #:
US-OG-768
Format:
Word;
Rich Text
Instant download
Description
How to fill out Termination Of Operating Agreement?
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FAQ
In case of failure to pay wages due an employee within 24 hours of written demand, the wages of the employee shall continue from the date of demand until paid, but in no event to exceed 60 days, at the same rate that the employee received at the time of separation.
LLC ownership is personal property to its members. Therefore the operating agreement and Utah state laws declare the necessary steps of membership removal. To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail.
You will have to file a completed Statement of Dissolution of Limited Liability Company form with the Division of Corporations & Commercial Code. Normal processing, which usually takes 5 to 7 business days, is free of charge. If you want expedited processing of not more than 48 hours, you will have to pay $75.
Check your state Secretary of State's website for the form to file indicating that you are dissolving your LLC. Complete the form and follow the instructions for filing it with the state. This will formally close down the name of your LLC.
Employees paid on an hourly basis must be paid at least semi-monthly and on days to be designated in advance by the employer as a regular payday. Utah Code § 34-28-3(1)(a). Employees paid on a salary basis may be paid monthly on or before the seventh day of each month. Utah Code § 34-28-3(1)d).
Is an operating agreement required in Utah? Utah doesn't specifically require LLCs to enter into an operating agreement. However, in the absence of one, your LLC will be governed by the Utah Revised Uniform Limited Liability Company Act.
Confirm that the company can, or has, paid any outstanding debts. Closing the company bank accounts. Informing all interested parties and HMRC of your decision to dissolve the company. This must be done within 7 days of lodging your strike off application with Companies House.
There are some basic steps to dissolving an LLC in Utah. Step 1: Vote to dissolve the LLC. Review your company's operating agreement. ... Step 2: File articles of dissolution. You must file the articles of dissolution within 90 days after performing step 1. ... Step 3: Winding-up. ... Step 4: File the final tax return.
