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In this tutorial, Mark Lyda discusses the process of dissolving an LLC. He highlights that dissolving an LLC is somewhat akin to its formation, requiring the submission of a form through the Secretary of State's website, which can typically be done online for a fee (e.g., $25 in Colorado). However, beyond simply filing the form, several winding-up considerations must be addressed. First, review the LLC's Operating Agreement to determine its stipulations regarding dissolution. For multi-member LLCs, it's essential to know the required level of member agreement (e.g., majority or unanimous vote). In Colorado, the default statute mandates that unanimous consent among members is necessary for the LLC to dissolve.
