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Articles of dissolution example

Dos 1366 form-2025

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The document is a form for filing Articles of Dissolution for a Domestic Limited Liability Company in New York State, as per Section 705 of the Limited Liability Company Law. It requires the name of the company, date of organization, reason for dissolution, and signature of an authorized person. The form also notes that it can be prepared independently or with legal assistance and includes a $60 filing fee.

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What are the tax consequences of dissolving an LLC?

Dissolving an LLC or Limited Liability Company is a legal process and the best way to ensure that you and your business are following all of the states laws. In general, there are no tax implications for dissolving an LLC.

How much does it cost to dissolve an LLC in NY?

Dissolving Your LLC in New York Step 1: Vote to dissolve the LLC. Step 2: Wind up all business affairs and handle any other business matters. Step 3: Settle debts and assets with creditors. Step 4: Notify tax agencies and settle remaining taxes.

How do I shut down an LLC in NYS?

First, you need to be sure to include the legal name of your company. Second, your articles of dissolution should state the date when your company will be dissolved. Finally, there should be a statement that your corporations board of directors or your LLCs members approved the dissolution.

How to complete articles of dissolution?

Optional Purpose Clause: You can select for your LLC to have a general purpose clause (to engage in any lawful activity). This section is optional. Most filers do check this off so their LLC has a general business purpose. You can leave this unchecked though if youd like.

How much does it cost to get out of an LLC?

Usually, the fee ranges between $25 and $100. Some states have no filing fee. There might be other costs related to dissolving your LLC, such as the fee to obtain a tax clearance certificate, a publication fee, or attorneys fees.

articles of dissolution template

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Is dissolving an LLC hard?

Winding up an LLC in California can be a complex process. Seeking the guidance of an experienced California business lawyer can ensure compliance with laws and regulations, identify potential legal risks, and help draft and review necessary dissolution paperwork.

How do you dissolve a NY LLC?

Step-by-Step Guide to Dissolve an LLC in NY Step 1: Reviewing the LLC Operating Agreement. Step 2: Obtain Approval from LLC Members. Step 3: Settle Debts and Liabilities. Step 4: Notify Necessary Government Agencies. Step 5: Address Tax Obligations. Step 6: Notify Creditors and Business Partners.