How Do You Dissolve an LLC in Texas?

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Steps to Dissolve an LLC in Texas

To dissolve your LLC in Texas, follow these steps:

  1. Review Operating Agreement:

    • Review the LLC operating agreement.

  2. Close Tax Accounts:

    • Obtain Form 05-359, Request for Certificate of Account Status, to close tax accounts.

  3. Submit Articles of Dissolution:

    • Submit the Articles of Dissolution form to the Texas Secretary of State, signed by an authorized manager.

Overview of LLC Dissolution in Texas

  • Voluntary dissolution is initiated by the LLC’s members.
  • Administrative and judicial termination processes are influenced by state directives or court rulings.
  • It is crucial to adhere to state procedures when dissolving an LLC in Texas.

Important Notes on LLC Dissolution Process

  • The name of your Texas LLC is no longer protected after dissolution.
  • Responsibilities include conducting a vote, filing a Certificate of Termination, settling obligations, and notifying relevant parties.
  • Filing a Certificate of Termination incurs a $40 fee, typically processed in 3-5 business days.

Final Steps in Dissolving an LLC

  • After dissolution, the previous business name becomes available for use.
  • The company loses its legal entity status post-dissolution.
  • Ensure proper closure by addressing financial matters and asset distribution.

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