1. Hold a Vote: Before dissolving your LLC, you must hold a vote among the owners (members) to confirm the dissolution. The decision to dissolve the corporation must be supported by a majority of the members.
2. Submit Articles of Dissolution: Following the vote, you must submit Articles of Dissolution to the Secretary of State of Kentucky. The form can be submitted online or by mail. The form requests details like your LLC’s name and address, the vote date, and the cause for dissolution.
3. Notify Creditors and Other Parties: After your LLC dissolves, you must inform its customers, creditors, and other parties. You can accomplish this by notifying all the parties you’ve transacted business with in a letter or email and giving them your contact information in case they have any concerns about the dissolution.
4. Cancel Licenses and permissions: You must revoke all licenses and permissions that your LLC earned while it was in operation. This covers all licenses, tax registrations, and state or local permits. Is it possible to register a business name without using it? You can indeed register a business name even if you never use it. The name might be considered abandoned by the state and become available for use if you don’t utilize it for a long period of time. How can I tell if the name I want for my company is already taken?
The Kentucky Secretary of State’s website lets you check the availability of a business name. You can verify whether a business name is available on the website using a search tool to see whether it has already been taken.
By filing for trademark protection with the United States Patent and Trademark Office (USPTO), you may safeguard your company name. This offers legal defense against anyone else using your company name, or a name that sounds similar, in the same sector.
On the website of the Kentucky Secretary of State, you can conduct a search for information about business owners. The website contains a Business Entity Search tool that offers details including the name, address, and owners’ or officers’ names of the company. The website might not make all business owners’ information publicly accessible, though.
You must submit an Application for Reservation or Renewal of Reservation of an Entity Name to the Kentucky Secretary of State in order to reserve a company name there. The application may be submitted in person, via mail, or online. The reservation is good for 120 days, and the filing fee is $15. By submitting a renewal application and paying the $15 charge after the reservation period has ended, you can extend the reservation for an additional 120 days.
No, a sole proprietorship does not need to be registered in Kentucky. Contrary to LLCs, sole proprietorships are exempt from state registration requirements. However, based on the type of your company, the state or local government may require that you apply for particular licenses or permissions.