In order to dissolve your company, you must file an Article of Dissolution with the Secretary of State’s office if you own a business in Kentucky. To prevent any additional legal or financial liabilities, you should file this paperwork as soon as you can. It formally ends your business.
1. Make sure you are qualified to dissolve your company. If a company hasn’t started operations or issued any shares yet, it can be dissolved in Kentucky if it receives shareholder approval to do so.
2. Obtain and finish the required form. The Articles of Dissolution form is available for download on the Secretary of State’s website. The form requests details such your company’s name, incorporation date, and grounds for dissolution.
4. Deliver the application and payment to the Secretary of State’s workplace. The Secretary of State’s office in Frankfort is where you can mail the paperwork and payment or drop them off in person. Include a self-addressed, stamped envelope for the return of your submitted document if you decide to mail the form.
Your business will be formally dissolved once the Secretary of State’s office has processed and accepted your Article of Dissolution. It is significant to keep in mind that you can still be liable for any unpaid taxes, debts, or legal responsibilities owed by your company. You might require a copy of your articles of incorporation for your records or for legal reasons, in addition to submitting an article of dissolution. You can do this by writing, faxing, or going in person to the Secretary of State’s office and asking for a copy. A certified copy will cost you $10.
In Kentucky, you must submit Articles of Organization to the Secretary of State’s office if you are launching a new company. This paperwork creates your company as a legal entity and contains details like your company’s name, address, and organizers’ names. Articles of Organization must be filed for $40.
In Kentucky, a business must file an Article of Dissolution with the Secretary of State’s office in order to dissolve. The steps listed above can be followed to complete the simple process. Do not forget to check your eligibility, finish the required paperwork, pay the filing fee, and deliver the paperwork and payment to the Secretary of State’s office. You must also take the necessary actions if you want a copy of your articles of incorporation or are starting a new firm.