What legal steps do I need to take in Ohio to dissolve my LLC?
To dissolve an LLC in Ohio, there are several legal steps that need to be taken:
- Ensure that all taxes and fees are paid: Before dissolving your LLC, you must ensure that all taxes and fees owed to the Ohio Secretary of State and other government agencies are paid in full. Failure to do so may result in fines and penalties.
- File Articles of Dissolution with the Ohio Secretary of State: You must file Articles of Dissolution with the Ohio Secretary of State to officially dissolve your LLC. This can be done online or by mail. The Articles of Dissolution must include the LLC name, the date of dissolution, and the reason for dissolution.
- Notify creditors and shareholders: You must give notice to all creditors, shareholders, and other interested parties that the LLC will be dissolved. This can be done by mail, email, or publication in a local newspaper. The notice must include the name of the LLC, the date of dissolution, and a statement that claims against the LLC must be submitted within a certain timeframe.
- File final tax returns: You must file final tax returns with the Ohio Department of Taxation and the IRS. This includes federal and state income tax returns, as well as any sales or use tax returns. Any taxes owed must be paid in full.
- Cancel licenses and permits: You must cancel any licenses and permits held by the LLC, such as business licenses or sales tax permits. This can be done by contacting the relevant government agencies.
It is important to note that these are general steps for dissolving an LLC in Ohio and there may be additional requirements or steps depending on the specific circumstances of your LLC. You may wish to consult with a licensed attorney to ensure that all legal requirements are met and to avoid any potential liability issues.