Step 1: Convene a Meeting of the Managers or Members Delaware law requires that a meeting of the managers or members be called before you can dissolve your LLC. You will need to cast your vote at this meeting on whether to dissolve the firm. Make careful you record the meeting and maintain a vote log.
File Articles of Dissolution in Step 2 Once the decision to dissolve the corporation has been made, the Delaware Secretary of State should receive the articles of dissolution. The $200 filing fee is payable either online or by mail. The name of the LLC, the date of dissolution, and a declaration that all debts and obligations have been paid in full or that sufficient provision has been made for payment should all be included in the articles of dissolution.
Step 3: Inform the IRS and Delaware Department of Revenue
In Delaware, terminating your LLC also necessitates informing the IRS and Delaware Department of Revenue. The Delaware Department of Revenue needs a final franchise tax return, and you must submit a final tax return to the IRS. Before terminating the LLC, make sure all unpaid taxes are taken care of. How can I revoke my designation as my Delaware registered agent? You must submit a resignation form to the Delaware Division of Corporations in order to terminate your role as Delaware’s registered agent. The “Resignation of Registered Agent” form can be submitted either online or by mail. How can I dissolve a Delaware LLC? A Delaware LLC must sell its assets, settle its debts, and distribute any money left over to its members before it may be liquidated. When liquidating the LLC, it’s crucial to adhere to the operating agreement and Delaware legislation.
How do I submit a Delaware certificate of cancellation?
The articles of dissolution are also known as the certificate of cancellation. Follow the directions in Step 2 above to file the certificate of cancellation in Delaware.
Finally, in order to dissolve an LLC in Delaware, a meeting of the members or management is required. Additionally, the Delaware Secretary of State must be notified, along with the IRS and the Delaware Department of Revenue. Additionally, liquidating a Delaware LLC necessitates adhering to the operating agreement and Delaware law, and terminating a Delaware registered agent necessitates submitting a resignation form to the Delaware Division of Corporations. You can easily cancel your Delaware LLC by adhering to these guidelines.