Steps to Dissolve an LLC in Illinois:
- Vote for dissolution and draft a resolution.
- Cancel business licenses and permits to avoid renewal fees.
- File articles of dissolution paperwork to voluntarily dissolve the LLC.
- Apply to terminate company registration with the state.
Filing Process to Dissolve an Illinois LLC:
To dissolve an LLC in Illinois, you must submit a completed form LLC-35-15 to the Illinois Secretary of State by mail or in person with a $5 filing fee. Expedited processing costs an additional $50.
Considerations for Dissolving an LLC in Illinois:
If you need assistance in closing your tax accounts, it may be helpful to hire a Certified Public Accountant. Although the state of Illinois does not require you to obtain tax clearance before dissolving your LLC, it is important to resolve any outstanding tax and other financial obligations before filing the Certificate of Dissolution with your state.
Legal Assistance and Company Dissolution:
The process can involve drafting and filing a Certificate of Dissolution. Attorneys can guide entrepreneurs through the often-complex dissolution process.
Official Dissolution of an Illinois LLC:
In order to officially dissolve your Illinois LLC, you need to file articles of dissolution paperwork with the Secretary of State.