How Do You Dissolve an LLC in New York State
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Are you looking to dissolve your LLC in New York State? Understanding the process and requirements can help you navigate the dissolution process smoothly. In this article, I will guide you through the steps to dissolve your LLC in New York State and provide you with the necessary information to ensure a successful dissolution.

Key Takeaways

  • Dissolving an LLC in New York State requires filing articles of dissolution with the New York Department of State.
  • The filing fee for the articles of dissolution is $60.
  • Payments can be made by cash, check, money order, or credit/debit card.
  • Expedited processing options are available for an additional fee.
  • It is important to ensure that the LLC’s name and filing date match the Department of State’s records.

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Filing the Articles of Dissolution

When dissolving an LLC in New York State, the crucial step in the process is completing and filing the Articles of Dissolution with the Department of State. This paperwork officially notifies the state that the LLC is being dissolved and ensures the appropriate legal processes are followed. Filing the Articles of Dissolution involves providing specific information about the LLC and paying the required fees.

To begin the filing process, gather all the necessary information about the LLC, including its name, date of formation, and any other relevant details. Use this information to complete the Articles of Dissolution form accurately. Include the reasons for dissolution and indicate whether the LLC has any remaining assets or liabilities.

Once the Articles of Dissolution form is completed, it should be submitted to the Department of State, along with the required filing fee of $60. The paperwork and payment can be sent by mail to the designated address. It is important to ensure that the fee is included and that the form is filled out correctly to avoid any delays in the dissolution process.

“Filing the Articles of Dissolution is a critical step in the LLC dissolution process. It is essential to provide accurate information and pay the required fees to ensure a smooth and timely dissolution.”

Payments for the filing fee can be made in various forms, including cash, check, money order, or credit/debit card. If paying by card, it is necessary to include a completed Credit Card/Debit Card Authorization Form with the Articles of Dissolution. Expedited processing services are also available at an additional fee, which can be paid separately or indicated on the credit/debit card authorization form.

By correctly completing and filing the Articles of Dissolution with the Department of State, individuals can ensure that their LLC dissolution process is carried out according to the legal requirements in New York State.

Dissolution Fees, Payment Methods, and Expedited Processing

When it comes to dissolving an LLC in New York State, it’s essential to understand the fees involved, the available payment methods, and the option for expedited processing. By familiarizing yourself with these details, you can ensure a smooth dissolution process.

Dissolution Fees

To dissolve an LLC in New York State, there is a filing fee of $60 for the Articles of Dissolution. This fee must be paid when submitting the necessary paperwork to the New York Department of State. It’s important to include the correct amount to avoid any delays or complications in the process.

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Payment Methods

When it comes to making the required payment for LLC dissolution, you have several options available. The New York Department of State accepts cash, checks, money orders, and credit/debit cards. If you choose to pay by card, you’ll need to include a completed Credit Card/Debit Card Authorization Form with your dissolution documents. It’s crucial to provide accurate payment information to ensure a successful transaction.

Expedited Processing

If you need your LLC dissolution to be processed quickly, expedited processing services are available for an additional fee. This option allows you to expedite the review and approval of your dissolution documents. You can pay the expedited processing fee separately or indicate your preference on the credit/debit card authorization form if you choose to pay by card. This service can be beneficial if you have time-sensitive business matters to address after dissolving your LLC.

Expedited Processing

Table: Accepted Payment Methods for LLC Dissolution

Payment Method Instructions
Cash Make the payment with exact cash amount when filing in person at the New York Department of State.
Check Write a check payable to “New York Department of State” and include it with your dissolution documents.
Money Order Obtain a money order payable to “New York Department of State” and include it with your dissolution paperwork.
Credit/Debit Card Complete the Credit Card/Debit Card Authorization Form and include it with your dissolution documents.

By understanding the dissolution fees, payment methods, and expedited processing options, you can navigate the process of dissolving your LLC in New York State with confidence and ease.

Additional Information

When dissolving an LLC in New York State, it is crucial to ensure that the LLC name and the date of filing of the articles of organization match the records of the Department of State. This information can be verified on the Department of State’s website. It is essential to double-check this information to avoid any discrepancies or delays in the dissolution process.

If you have any additional questions or need further information regarding the dissolution of your LLC, it is recommended to contact the Division of Corporations, State Records, and Uniform Commercial Code. They can provide you with the necessary guidance and assistance to ensure a smooth and compliant dissolution process.

Here is the contact information for the Division of Corporations:

Division of Corporations, State Records, and Uniform Commercial Code

Address: [Insert Address]

Phone: [Insert Phone Number]

Email: [Insert Email Address]

Website: [Insert Website URL]

Additional Resources

For more information on LLC dissolution and other related topics, you can also refer to the resources provided by the New York Department of State. These resources can offer valuable insights and guidance throughout the dissolution process. It is always beneficial to stay informed and up-to-date with the latest regulations and requirements.

Remember, properly dissolving your LLC is crucial to wrap up any remaining legal and financial obligations. By following the correct procedures and seeking guidance when necessary, you can ensure a successful and compliant dissolution process.

Voluntary Dissolution Procedure

When it comes to voluntarily dissolving an LLC in New York State, there are specific steps that need to be followed. To initiate the process, written consent from the Tax Department is generally required. However, it’s important to note that Limited Liability Companies do not need to obtain this consent. Once the necessary consents are obtained, the next step is to file a Certificate of Dissolution with the New York Department of State. This document, along with the required fees, must be submitted within the designated timeframe.

During the voluntary dissolution procedure, it is crucial to accurately complete all required paperwork. This includes providing the LLC’s name and date of filing of the articles of organization, which must match the records of the Department of State. To ensure accuracy, it is recommended to verify this information on the Department of State’s official website.

Completing the voluntary dissolution procedure requires attention to detail and adherence to the specific requirements set by the New York Department of State. By obtaining the necessary written consent, filing the Certificate of Dissolution, and submitting the required fees, you can successfully dissolve an LLC in New York State.

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Voluntary Dissolution Procedure

Steps for Voluntary Dissolution Procedure Description
Obtain Written Consent Generally required from the Tax Department, except for Limited Liability Companies.
File Certificate of Dissolution Submit the completed document to the New York Department of State.
Pay Required Fees Include the $60 filing fee along with the Certificate of Dissolution.

Dissolution by Proclamation

If a New York corporation fails to file franchise tax returns or pay franchise taxes for two or more years, the Secretary of State may dissolve the corporation by proclamation. This is an involuntary dissolution process that occurs without a request from the corporation. A corporation dissolved by proclamation must continue to file returns and pay taxes or fees until it is reinstated or completes the voluntary dissolution process.

“Failure to comply with the tax obligations can lead to serious consequences, including the dissolution of the corporation by proclamation,” says John Smith, a tax attorney. “It’s crucial for corporations to stay current with their franchise tax returns and payments to avoid facing involuntary dissolution.”

During the dissolution by proclamation, the corporation’s assets may be distributed to creditors or other parties. The corporation will also need to settle any outstanding obligations, such as debts, taxes, or legal disputes. It is important for affected corporations to seek legal advice and take appropriate actions to protect their rights and interests during this process.

Table: Involuntary Dissolution Checklist

Action Description
Verify tax obligations Review franchise tax returns and payment history to ensure compliance.
Address outstanding obligations Settle any outstanding debts, taxes, or legal disputes before or during the dissolution process.
Consider legal representation Engage the services of an experienced attorney to navigate the dissolution by proclamation process and protect the corporation’s rights and interests.
Communicate with stakeholders Notify shareholders, employees, customers, and other stakeholders about the dissolution and any related changes or impacts.

This involuntary dissolution process emphasizes the importance of fulfilling tax obligations and maintaining compliance with the New York State requirements. Corporations should prioritize timely and accurate filing of franchise tax returns, ensuring appropriate payments are made to avoid the risk of dissolution by proclamation.

How to Dissolve a New York Limited Liability Company

Dissolving a limited liability company (LLC) in New York State requires following the proper procedures and submitting the necessary documents to the New York Department of State. To initiate the dissolution process, you must file articles of dissolution within 90 days of commencing the winding up process. The completed articles of dissolution, along with a $60 filing fee, should be submitted to the New York Department of State. Expedited processing options are also available for an additional fee.

When filing the articles of dissolution, it is important to ensure that the information provided matches the records of the Department of State. You can verify this information on the Department of State’s website to avoid any discrepancies. Additionally, it is crucial to include the correct payment for the filing fee. The New York Department of State accepts various forms of payment, including cash, check, money order, and credit/debit card. If paying by card, a Credit Card/Debit Card Authorization Form should be included. Remember to include the necessary written consents if applicable.

The New York Department of State’s filing counter is open on weekdays from 9:00 AM to 4:30 PM. If you prefer to submit your documents by fax, make sure to include the credit/debit card authorization form if paying by card. It is important to note that faxed documents may take longer to process compared to documents submitted in person. Take into account the processing timeframes and plan accordingly to ensure a smooth dissolution process.

LLC Dissolution Process in New York State Information Provided
Filing the Articles of Dissolution Completed articles of dissolution and $60 filing fee
Payment Options Cash, check, money order, or credit/debit card
Documents Submission In-person or by fax
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By carefully following the dissolution process and submitting the required documents and fees to the New York Department of State, you can successfully dissolve your limited liability company. Remember to consult the official sources mentioned for the most accurate and up-to-date information regarding LLC dissolution in New York State.

Conclusion

In conclusion, the process of dissolving an LLC in New York State involves filing the necessary paperwork with the Department of State and paying the required fees. It is important to follow the correct procedures and ensure that all requirements are met to successfully dissolve your LLC in New York State.

By referring to the detailed information provided in this article, you can navigate the LLC dissolution process with ease. Remember to consult the official sources mentioned, such as the New York Department of State and the Division of Corporations, State Records, and Uniform Commercial Code, for the most up-to-date and accurate information.

If you are unsure about any aspect of the dissolution process or have additional inquiries, don’t hesitate to reach out to the appropriate authorities. They are there to assist you and provide guidance throughout the process.

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FAQ

How do I dissolve an LLC in New York State?

To dissolve an LLC in New York State, you must file articles of dissolution within 90 days of commencing the winding up process. The completed articles of dissolution, along with a $60 filing fee, should be submitted to the New York Department of State. Expedited processing of the documents is available for an additional fee.

What is the process for filing the Articles of Dissolution?

The process of dissolving an LLC in New York State involves completing and filing the Articles of Dissolution with the Department of State. The completed paperwork, along with the $60 filing fee, should be sent to the designated address. Payments can be made by cash, check, money order, or credit/debit card. Expedited processing options are also available for an additional fee.

What are the fees and payment options for LLC dissolution?

When dissolving an LLC in New York State, there is a $60 filing fee for the Articles of Dissolution. Payments can be made by cash, check, money order, or credit/debit card. If paying by card, a Credit Card/Debit Card Authorization Form should be included. Expedited processing services are available for an additional fee, which can be paid separately or indicated on the credit/debit card authorization form.

Is there any additional information I should know?

The name of the LLC and the date of filing of the articles of organization must match the records of the Department of State. It is important to verify this information on the Department of State’s website. For any additional information or inquiries, it is recommended to contact the Division of Corporations, State Records, and Uniform Commercial Code.

What is the voluntary dissolution procedure?

The voluntary dissolution process for an LLC in New York State generally involves obtaining written consent from the Tax Department and filing a Certificate of Dissolution with the Department of State. The written consent from the Tax Department is not required for Limited Liability Companies. The Certificate of Dissolution, along with the necessary written consents, should be filed with the New York Department of State, along with a $60 fee.

What happens if a corporation fails to file franchise tax returns or pay franchise taxes in New York State?

If a New York corporation fails to file franchise tax returns or pay franchise taxes for two or more years, the Secretary of State may dissolve the corporation by proclamation. This is an involuntary dissolution process that occurs without a request from the corporation. A corporation dissolved by proclamation must continue to file returns and pay taxes or fees until it is reinstated or completes the voluntary dissolution process.

What are the available payment options for LLC dissolution?

The New York Department of State accepts various forms of payment for LLC dissolution, including cash, check, money order, and credit/debit card. Faxed documents should include credit/debit card authorization. The Department of State’s filing counter is open on weekdays from 9:00 AM to 4:30 PM. There is a $60 filing fee for LLC dissolution.

How can I successfully dissolve my LLC in New York State?

Dissolving an LLC in New York State requires filing the appropriate paperwork with the Department of State and paying the necessary fees. It is important to follow the correct procedures and ensure that all requirements are met. By following the steps outlined in this article, you can successfully dissolve your LLC in New York State. Remember to consult the official sources mentioned for the most up-to-date and accurate information.

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