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What are the steps I need to take to dissolve my LLC in Ohio?

If you are looking to dissolve your LLC in Ohio, you will need to follow the necessary steps as outlined by the Ohio Secretary of State's office. Here are the common steps that need to be taken:
  1. Hold a Meeting with Members/Owners of the LLC: As an LLC owner, you need to hold a meeting to discuss the decision to dissolve the LLC. You will need to gain a majority vote from the LLC members to move forward with the dissolution.
  2. File Articles of Dissolution with the Ohio Secretary of State's office: You will need to file articles of dissolution with the Ohio Secretary of State's office. This can be done either online, by mail, or in person. This certificate needs to provide a statement that the LLC has been dissolved, the effective date of dissolution, and the filing fee. The filing fee is currently set at $50.
  3. Notify Creditors/Lenders and Other Third Parties: You need to notify any creditors, lenders, or other third parties that your LLC is in the process of dissolution. This notification needs to include the final date of business, the intention to dissolve the LLC, and information on how to contact the LLC during the dissolution process.
  4. Cancel Registrations, Permits, and Licenses: You need to cancel all state registrations, permits, and licenses that are associated with the LLC. This includes any tax registrations, permits, and licenses that the LLC may have had.
  5. Distribute Remaining Assets and Payment of Debts: The LLC’s remaining assets will need to be distributed to the members of the LLC. If there are any remaining debts, those debts should be settled before any assets are distributed to the members.
  6. File Final Tax Returns: You need to file a final tax return with the Ohio Department of Taxation for the LLC. This return needs to be filed by the 15th day of the fourth month following the LLC's final day of business.

While these steps provide a general overview of the process, there may be certain limitations or exceptions depending on the specifics of your LLC and the circumstances surrounding the dissolution. It is recommended that you consult with an experienced attorney to ensure that you follow all necessary legal steps and accurately complete all necessary paperwork.