New York Dissolution Package to Dissolve Limited Liability Company LLC
Understanding this form
The New York Dissolution Package for Limited Liability Companies (LLCs) is a comprehensive set of legal documents designed to facilitate the voluntary dissolution of an LLC in New York State. This package includes all necessary forms and step-by-step instructions to help you navigate the dissolution process effectively. Unlike forms for judicial dissolution, this package is specifically intended for voluntary dissolution under New York law.
Key components of this form
- Consent of members to dissolution
- Articles of dissolution
- Cover letter for submission
- Instructions for winding up the LLC's affairs
- Distribution of assets post-dissolution
When this form is needed
This form is needed when the members of a New York limited liability company have decided to dissolve the business voluntarily. Common scenarios include when the business has completed its purpose, members wish to retire, or there is a consensus among members that continuing the LLC is not viable. Itâs also applicable if no member remains and a decision is made to discontinue the company.
Intended users of this form
- Current members of a limited liability company in New York
- Those authorized to act on behalf of the LLC
- Legal representatives of the company in cases of member absence
Instructions for completing this form
- Obtain the consent of all members for the dissolution.
- Complete the winding up process as detailed in the instructions.
- Fill out the Articles of Dissolution, including the LLC's name and original filing date.
- Sign the Articles of Dissolution and prepare them for submission.
- Mail the original and a copy of the Articles along with the filing fee to the New York Department of State.
Notarization guidance
This form does not typically require notarization unless specified by local law. However, it is always advisable to consult with a legal professional if you have concerns regarding the legitimacy of the documents.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Not obtaining unanimous consent for dissolution when required.
- Failing to complete the winding up process before filing articles.
- Submitting incomplete or incorrectly filled articles of dissolution.
- Not filing the Articles of Dissolution within the required time frame.
Benefits of using this form online
- Convenient downloadable format allows for immediate access.
- Step-by-step guidance ensures all aspects of the dissolution process are covered.
- Edit and complete forms at your own pace without the need for appointments.
- Access to attorney-drafted templates that help ensure legal compliance.
Legal use & context
- The form serves as an official record of the dissolution of the LLC.
- Filing the Articles of Dissolution is necessary to limit ongoing liabilities.
- Members must comply with any specific procedural requirements set forth in the operating agreement.
Summary of main points
- The New York Dissolution Package is essential for the voluntary dissolution of an LLC.
- Proper completion and filing of the forms is crucial to minimize liabilities.
- Following the outlined steps ensures compliance with New York state regulations.
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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.
