There are specific procedures you must take in order to dissolve your S Corp legally and smoothly if you own a business in Kentucky. In this essay, we’ll walk you through Kentucky’s S Corp dissolution procedure and address any relevant issues. How can I revoke a S Corp in Kentucky? Holding a board meeting and adopting a resolution to dissolve the firm are the first two steps. A majority of the directors and shareholders must agree to the resolution.
Step 2: Submit Articles of Dissolution to the Kentucky Secretary of State – The Kentucky Secretary of State must be contacted in order to submit Articles of Dissolution. The form is available online at the Kentucky Secretary of State’s website, and a $40 filing fee must be included.
Step 3: Notify the IRS – By submitting Form 966, you must inform the IRS that your S Corp has been dissolved. Within 30 days of the adoption of the resolution to dissolve the firm, this form must be submitted.
The fourth step is to revoke all licenses and permits that your S Corp has with the Commonwealth of Kentucky. Any business licenses, permissions, and registrations fall under this category. How do I search for a company in Kentucky? You can utilize the Kentucky Secretary of State’s Business Search service to check up a business there. You can use this tool to look up a company by name or CBI number.
You can utilize the Kentucky Secretary of State’s Business Search tool to look up a business name there. You can use this tool to look up a company by name or CBI number.
You must make a request for one from the Kentucky Secretary of State’s office in order to obtain a certificate of good standing in the state. There is a $10 fee for each certificate, and you can order them online or by mail.
Each corporation is given a unique identification number by the Kentucky Secretary of State’s office, known as a CBI number, or Kentucky Corporation Business Identification Number. All contact between the corporation and the state of Kentucky must include this number as the entity’s reference.
Your inquiry has nothing to do with the topic of the article’s title, which is the dissolution of a S Corp in Kentucky. To address your question, you must submit an amendment to your Articles of Organization to the Kentucky Secretary of State’s office in order to add a member to your LLC in that state. The name, address, and percentage of LLC ownership of the new member should be included in the modification. Your operating agreement might also need to be updated to reflect the new member’s rights and obligations inside the business. It is advised to speak with a legal expert for advice on the procedure.