A variety of procedures must be undertaken in order to properly dissolve a limited liability company (LLC) in Connecticut. Legally ending a company entity is the process that is referred to as dissolution of an LLC. This article will walk you through the process of dissolving your LLC in Connecticut step-by-step. It will also provide answers to some of the often asked queries regarding the dissolution procedure. Articles of Dissolution: What Do They Mean?
Legal papers called articles of dissolution must be submitted to the state in order to dissolve an LLC. It is a formal announcement that the LLC’s status as a legal entity will end. To formally dissolve the LLC, the articles of dissolution must be submitted to the Connecticut Secretary of State.
Depending on the type of corporate entity, dissolving an LLC in Connecticut might be expensive. Articles of dissolution must be filed with the Connecticut Secretary of State for a base charge of $50. However, there can be extra charges, like those associated with canceling business licenses and permits, which could raise the overall cost of dissolution. How Do I Dissolve a Business in Connecticut? In Connecticut, the following actions must be performed to dissolve an LLC:
2. Put together the dissolution papers: submit dissolution papers to the secretary of state for Connecticut. The name of the LLC, the date of dissolution, and a declaration that the LLC has been dissolved must all be included in the articles of dissolution. 3. Notify Creditors: Inform all of the LLC’s debtors and creditors of the dissolution. The date of dissolution and a point of contact for any inquiries or claims should both be included in the notice. 4. Cancel Licenses and Permits: Cancel any business licenses and permits that the LLC currently holds. File your final tax returns with the Connecticut Department of Revenue Services.
The same procedures stated above for dissolving a business in Connecticut apply for dissolving an LLC. To ensure a smooth transition, it is also advised that the LLC tell any clients, customers, or vendors about the dissolution.
In order to ensure that the procedure is carried out properly, a number of actions must be taken when dissolving an LLC in Connecticut. The procedure entails calling a meeting of the members, submitting the articles of dissolution to the Secretary of State of Connecticut, notifying creditors and debtors, revoking licenses and permissions, and submitting the final tax reports. You can dissolve your LLC and stay out of trouble legally and financially by following these instructions.