Closing an LLC in Florida
To dissolve an LLC in Florida, begin with a formal vote by the LLC members, as guided by the LLC’s operating agreement or state laws, and document this decision in a written resolution. It costs $25 to submit the Articles of Dissolution to the Florida Secretary of State. A key step in dissolving a Florida LLC is filing final tax returns and obtaining tax clearance to satisfy all taxes and penalties owed to various government agencies.
Steps for Voluntary Dissolution
To dissolve an LLC voluntarily in Florida, you need to submit a cover letter and articles of Dissolution for a Limited Liability Company (LLC) forms to the state Department by sending mail or in person, together with the filing fee.
Discharging Liabilities and Distributing Assets
Once all debts, obligations, and tax liabilities have been settled, you can distribute the remaining assets among the LLC members to finalize the company dissolution.
Withdrawing from an LLC in Florida
To withdraw from a Florida LLC, follow the withdrawal process outlined in your operating agreement. If you don’t have an operating agreement, get consent from all members to withdraw. Then file Articles of Dissolution with the state to formally close the LLC. You’ll need to settle debts, distribute assets, and file final tax returns.
Conclusion
Formally dissolving an LLC puts an end to annual report and fee requirements. It also gives creditors notice that the LLC can no longer take on debts.