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Types of LLC Dissolution Dissolutions fall into three categories: judicial, administrative, and voluntary.
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entitys failure to comply with certain obligations of the business entity statute.
Businesses that fail to file an Annual Report, pay taxes, pay a required filing fee, maintain a registered agent, or maintain a registered office lose their good standing status with the RI Department of State otherwise known as revocation.
Typically, this comes from not filing your annual report for a set period of time, and the state would ultimately shut down the business or dissolve it by actions. States have different names for this, such as revocation. Some call it void. But most commonly its called administrative dissolution.
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