How to File an Article of Dissolution in Tennessee

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How do I file an article of dissolution in Tennessee?
The first step in terminating a Tennessee LLC is to file Form SS-4246, Notice of Dissolution (Limited Liability Company) with the Department of State, Division of Business Services (DBS). After you file notice of dissolution and wind up your business, you will have to file the appropriate Articles of Termination.
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You must file an article of dissolution with the Tennessee Secretary of State if you own a business in Tennessee and want to dissolve it. In this post, we’ll walk you through the steps of submitting an article of dissolution in Tennessee and address any issues you might have about terminating a corporation or dissolving an LLC there.

Tennessee LLC Dissolution Procedure

You must do the following actions in order to dissolve an LLC in Tennessee:

1. Call a Meeting: Call a meeting with the members of your LLC to discuss and decide whether to dissolve the LLC. Ensure that you record the meeting in the minutes.

2. Submit Articles of Dissolution: Submit Articles of Dissolution to the Secretary of State of Tennessee. Online or mail-in filing is an option. For online filing, the charge is $20; for mail filing, it is $50. The name of the LLC, the date of dissolution, and a management or member’s signature are required.

3. Notify Creditors: Inform all identified creditors that your LLC has been dissolved. This can be accomplished by sending each creditor a certified mail notice that is in writing.

4. Submit Final Tax Returns: Submit your LLC’s Final Tax Returns to the Internal Revenue Service and the Tennessee Department of Revenue.

Tennessee Corporation Closing Procedures

You must do the following actions in order to dissolve a corporation in Tennessee:

1. Hold a meeting: Call a meeting of the board of directors of the corporation to discuss and decide whether to dissolve it. Ensure that you record the meeting in the minutes.

2. Submit Articles of Dissolution: Submit Articles of Dissolution to the Secretary of State of Tennessee. Online or mail-in filing is an option. For online filing, the charge is $20; for mail filing, it is $50. The name of the corporation, the date of dissolution, and an officer’s signature are required.

3. Notify Creditors: Inform all identified creditors of the dissolution of your corporation. This can be accomplished by sending each creditor a certified mail notice that is in writing.

4. File Final Tax Returns: Submit your corporation’s final tax returns to the Internal Revenue Service and the Tennessee Department of Revenue.

In Tennessee, do you require a Certificate of Existence?

Yes, to dissolve your LLC or corporation, you will require a certificate of existence from the Tennessee Secretary of State. A request for a certificate of existence can be made online or by mail. A certificate of existence costs $20 when ordered online and $15 when sent by mail.

The Best Way to End an LLC

In Tennessee, dissolving an LLC follows a similar procedure to that of dissolving a corporation. To dissolve your LLC, you must call a meeting of its members, get their approval, file articles of dissolution with the Tennessee Secretary of State, notify creditors of the dissolution, and file final tax returns for your LLC with the Tennessee Department of Revenue and the Internal Revenue Service.

In conclusion, it can be difficult to dissolve a firm in Tennessee. It is crucial to carefully follow the instructions provided above and to seek expert assistance as needed. You can quickly dissolve your corporation or LLC in Tennessee by adhering to these guidelines.

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