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The document is a dissolution packet for limited liability companies (LLCs) in New York, outlining the process for voluntary dissolution. It details the conditions under which an LLC may be dissolved, the procedures for winding up its affairs, and the distribution of assets to creditors and members. Additionally, it provides instructions for filing Articles of Dissolution with the Secretary of State and includes forms necessary for the dissolution process.

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How do I get a certificate of dissolution in NY?

To request consent for dissolution: Call the automated processing system to request at (518) 485-2639; or. Fax a written request to (518) 435-2995.

How do I close a single member LLC in NY?

The proper steps are: Follow the Rules of Dissolution. These should be stated in your LLCs 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.

Who issues the certificate of Dissolution?

A copy of the resolution authorizing the dissolution shall be certified to by a majority of the board of directors and countersigned by the board secretary. The Authority shall thereupon issue the certificate of dissolution. ART. 65.

how to dissolve an llc in ny

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How do you dissolve an LLC in New York State?

Written consent from the NYS Tax Department is not required for Limited Liability Companies.Your filing must include: 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.

What is it called when you dissolve an LLC?

Termination: All that must be done has been done This document may be called articles of termination, articles of cancellation, or a similar name. In it, the LLC has to state that all debts and liabilities have been paid or provided for and any remaining assets distributed.

How long does it take to dissolve a NY LLC?

Overview. Within 90 days following the dissolution and the commencement of winding up the limited liability company, or at any other time that there are no members, a domestic limited liability company shall file articles of dissolution pursuant to Section 705 of the New York State Limited Liability Company Law.

How much does it cost to dissolve a business in New York?

The completed Certificate of Dissolution, together with the required consent attached, and the statutory filing fee of $60 should be forwarded to: New York Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.

Is dissolution the same as dissolving?

In chemistry, to dissolve is to cause a solute to pass into a solution. Dissolving is also called dissolution. Typically, this involves a solid going into a liquid phase, but dissolution can involve other transformations as well. For example, when alloys form, one solid dissolves into another to form a solid solution.