Dissolving a Partnership in Colorado
To dissolve a partnership in Colorado, you need to file a certificate of dissolution with the Colorado Secretary of State’s office. All partners must agree to dissolve the partnership. You may need to settle debts, complete obligations, and distribute remaining assets before officially dissolving.
Dissolving an LLC Partnership in Colorado
To dissolve an LLC partnership in Colorado, file paperwork with the Secretary of State. First, check your operating agreement for dissolution procedures. Get agreement from all members to dissolve. Settle debts and distribute assets before finalizing dissolution.
Main Steps for Dissolving a Business in Colorado
- Get member agreement
- File articles of dissolution
- Notify creditors and employees
- File final tax returns
- Settle claims
- Distribute remaining assets
Cost of Dissolving a Colorado LLC
It costs $10 to $25 to dissolve a Colorado LLC by filing the articles of organization in person or by mail. Online filing is usually processed within 24 hours.
Dissolving a Foreign LLC in Colorado
To dissolve a foreign LLC in Colorado, submit a statement of foreign entity withdrawal with the effective withdrawal date and certificate of good standing from the state where the LLC was formed.
Steps for Dissolving a Partnership
The first step in dissolving a partnership in Colorado is to review the partnership agreement. Then, notify all partners of the decision to dissolve and file the appropriate paperwork with the Colorado Secretary of State.