What steps do I need to take to dissolve my LLC in Ohio?
To dissolve an LLC in Ohio, the following steps must be taken:
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Hold a meeting of the LLC members to approve the dissolution. The meeting should be documented with minutes.
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File Articles of Dissolution with the Ohio Secretary of State. The Articles of Dissolution must be signed by an authorized representative of the LLC.
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Notify any creditors of the LLC of the dissolution. The notification should be in writing and should include the date of the dissolution and the deadline for creditors to submit claims against the LLC.
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File final tax returns with the Ohio Department of Taxation and the Internal Revenue Service.
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Cancel any business permits or licenses that were obtained for the LLC.
It is important to note that if the LLC has any outstanding debts or obligations, those must be satisfied before the dissolution. Additionally, if the LLC owes any taxes, the Ohio Department of Taxation may require a tax clearance before the dissolution can be approved.
If the LLC has any assets or property, those must be distributed among the members before the dissolution is finalized. A written agreement should be created to document the distribution of assets.
It is recommended to seek legal counsel to ensure that all necessary steps are taken and all legal requirements are met when dissolving an LLC in Ohio.