how to dissolve an llc in oklahoma is relatively easy and straight forward. You must first file a Notice of Intention with the Secretary of State by the specific deadlines (usually 30 days) stated on the articles of organization of the LLC. Once this is filed then you are required by law to provide a formal notice to the current LLC members of LLC. The notice may be called a Special Notice of Intention, a Special Operating Agreement or a Operating Agreement. There are other names but the important ones for purposes of this article are not important.
The next step in how to dissolve an llc in oklahoma is to provide to the Secretary a written notification that will include: who is to receive payments, when those payments are to be made, and who is to receive those payments. This notice will also include any agreed upon amendments to the Operating Agreement. When this notification has been provided, then the Operating Agreement and all tax accounts will need to be reviewed and any adjustments made. The notice will then be filed with the Secretary of State along with the rest of the paperwork relating to the dissolution.
How to dissolve an Oklahoma Limited Liability Company is not that difficult. There are two main steps when it comes to how to dissolve an LLC in Oklahoma. First, there is the filing of the notice of intent with the Secretary of State. Second, there is the submission of the Operating Agreement to the Oklahoma Corporation Commission. Those are the main procedures involved in the process of dissolving an Oklahoma Limited Liability Company.
How To Dissolve An LLC In Oklahoma
To dissolve an LLC in Oklahoma using the IRS Form I-X, there are some specific procedures that must be followed. First, the person who is being sued must provide notice of the lawsuit to both the Limited Liability Company and the Office of the Attorney General. Once notice has been given, the parties must enter into a court mediation agreement to settle their dispute. If no agreement can be reached, then either party may submit a request to the Oklahoma Supreme Court requesting a dissolution of the LLC.
An Oklahoma limited liability company dissolution can be done by submitting a request to the Office of the Attorney General via mail. On receipt of the request, an administrative law judge will review the request. The court will then notify both the parties if it is in their best interest to proceed with the dissolution. If the parties agree on a settlement, a court date will be scheduled for the dissolution to occur.
An IRS Form -X is needed when it comes to how to dissolve an LLC in Oklahoma. The IRS form is necessary for both the company and the Office of the Attorney General to properly close an account so both entities can move forward in their respective business ventures. If the IRS Form is submitted to the correct address, the dissolution can occur in one business day.
It is important to remember that when filing your federal tax returns you should have advised the IRS that you are going through a winding up process. When you filed your original tax return, it was assumed that your business was still operating. Once the winding up order is issued, the only way that the IRS can collect payment from you is through tax debt collections. Unless you have filed bankruptcy in the past, the IRS will continue to pursue unpaid federal income taxes until you pay the balance in full.
Filing with the Oklahoma Corporation Commission is another step when it comes to how to dissolve an LLC in Oklahoma. By filing your articles of incorporation with the commission, you will be required to submit certain documents such as your Articles of Organization along with copies of any filings that have been previously completed in the state. These forms are also used with your tax certificate of incorporation, which is needed to ensure that all the tax reporting and filings are completed correctly. Lastly, as part of being prepared for a trademark registration with the state, all business references that are needed for the trademark registration must be submitted with the application along with any tax information that is part of the filings.
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