How Do I Close an LLC in Georgia? Steps to Dissolve an LLC in Georgia

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To close an LLC, file Articles of Dissolution or Cancellation. Settle state taxes and fees. Properly closing an LLC protects from liability and withdraws remaining assets.

Dissolution (winding up) prepares to cancel with the state and terminate existence. Cancellation terminates the LLC’s rights and powers.

To dissolve a business in Georgia, file form CD-415, Certificate of Termination, with the Secretary of State. The certificate of termination is available on the website.

How to Terminate an LLC

To dissolve an LLC requires following steps: comply with the operating agreement, settle tax accounts, and submit an Articles of Dissolution form.

Notify creditors although not required.

Filling the CD 415 Form

Fill out CD 415 form available for download. To terminate your LLC, fill out providing:

  1. Name of LLC
  2. Control Number
  3. Check the first box
  4. Check the first box
  5. Effectiveness date
  6. Date of filing
  7. Digital/Wet signature of authorized person
  8. Printed name.

File Articles of Dissolution. Prepare and file paperwork known as Articles of Dissolution with the Secretary of State. You can submit online free or via mail for a $10 fee. For expedited filing, pay $100 to have dissolved within 24 hours.

Settling debts with creditors saves from disputes. Although not obliged, notifying claimants about the dissolution may prevent disputes.

Generally, online filings process in 7-10 days, paper in 15 days. For faster termination, request expedited service for a fee.

Avoiding Unnecessary Fees

If not using your LLC, dissolve to avoid fees and responsibilities like $50 annual registration.

6 Steps to Dissolve an LLC in Georgia

  1. Vote to Dissolve with majority approval or unanimous if any disagree.
  2. File the state’s termination form first toward formal dissolution.
  3. Follow the operating agreement.
  4. Pay off taxes/fines with government departments before dissolving.
  5. Settle remaining debts and liabilities.
  6. File Articles of Dissolution paperwork with Secretary of State to formally dissolve.

The Close LLC designation is for single-member LLCs and when members are close, i.e. family and friends.

Members won’t receive returned capital unless all consent, the company dissolves, or the operating agreement specifies it.

Dissolution (winding up) prepares to cancel with the state and terminate existence.

The Close LLC enhances asset protection and estate planning.

An LLC with no revenue still needs to pay annual state fees. There are 3 LLC dissolutions: judicial, administrative, and voluntary.

Owners wanting flexibility of an LLC/partnership should consider a statutory close corporation.

A member must offer to other members before outsiders.

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