How to Dissolve a Business in Michigan

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How do I dissolve a business in Michigan?
The dissolution is effected by executing and filing a Certificate of Dissolution (form CSCL/CD-531) on behalf of the corporation with the Corporations Division. The certificate must state the name of the corporation and that the corporation is dissolved pursuant to an agreement under section 488.
Read more on www.michigan.gov

It’s never an easy decision to dissolve a company. Although it can be a difficult and painful process for business owners, it is occasionally required to advance. A lot of legal labor goes into dissolving a business, and Michigan has its own set of guidelines for doing so. We will go over how to dissolve a business in Michigan in this article.

In light of this, How Do You Dissolve an LLC?

There are various steps involved in dissolving an LLC in Michigan. To ratify the dissolution, the LLC must first call a meeting with its members. The dissolution must be approved by a majority of the members voting. The Michigan Department of Licensing and Regulatory Affairs (LARA) must receive the LLC’s authorized Articles of Dissolution before the LLC can be dissolved. The name of the LLC, the date of dissolution, and a declaration confirming that the dissolution was approved by the members must all be included in the Articles of Dissolution.

Therefore, may I alter my LLC’s purpose?

You can alter the goals of your LLC, yes. However, to formally implement this modification, you must submit Articles of Amendment to LARA. The new purpose of the LLC and the change’s start date must both be included in the Articles of Amendment. It is crucial to keep in mind that altering an LLC’s purpose could have an impact on the LLC’s tax position, thus it is advised that you speak with a tax expert before making any changes.

So, can I modify my LLC?

Your LLC’s name may be changed, yes. If you want to rename your LLC, you must submit Articles of Amendment to LARA. The new name of the LLC and the change’s start date must both be stated in the Articles of Amendment. It is crucial to keep in mind that changing an LLC’s name could have an impact on the tax status of the LLC, so it is advised that you speak with a tax expert before making any changes. How Do You Register a Business Name as a Trademark?

You must first perform a check to make sure the company name is available for use before you can trademark it. You can submit a trademark application to the United States Patent and Trademark Office (USPTO) after confirming that the name is available. An explanation of the products or services linked to the trademark as well as a statement of use must be included in the application. To make sure that your application is filed properly, it is advised that you engage with a lawyer who focuses in trademark law.

In conclusion, closing a business can be a challenging process, but it is occasionally required to advance. Holding a meeting with members, submitting Articles of Dissolution to LARA, and notifying creditors and other interested parties are all phases in the process of dissolving an LLC in Michigan. You must submit Articles of Amendment to LARA if you want to modify the goals or name of your LLC. Finally, you must submit a trademark application to the USPTO if you wish to register your company name as a trademark.