What steps do I need to take to dissolve my Ohio LLC?
To dissolve an Ohio LLC, the following steps must generally be taken:
- A majority of the LLC's members must vote to dissolve the LLC.
- File Articles of Dissolution with the Ohio Secretary of State. This document must include the name of the LLC, the date of dissolution, and a statement certifying that the LLC's members voted to dissolve the LLC.
- Notify all creditors of the LLC's dissolution.
- Settle all outstanding debts and liabilities of the LLC.
- Distribute any remaining assets of the LLC to its members in accordance with the terms of the LLC's operating agreement.
It is important to note that there may be exceptions to these general steps depending on the specific circumstances of the LLC's dissolution. For example, if the LLC is being dissolved due to a court order or other legal action, additional steps may be required.
Additionally, it may be advisable to consult with an attorney who specializes in business and corporate law to ensure that all necessary steps are taken and that the LLC is dissolved in compliance with Ohio law.