How to Dissolve an LLC in Nevada

By Terry Masters

A limited liability company, or LLC, is an independent legal entity that will continue to exist, regardless of the status of its owners, unless officially dissolved. In Nevada, the managers of an LLC can file articles of dissolution with the state by visiting the Secretary of State's website. The website contains all of the information needed to prepare a filing that complies with the dissolution provision of the Nevada Limited Liability Company Act. The LLC is considered officially dissolved once the articles of dissolution are accepted by the state.

A limited liability company, or LLC, is an independent legal entity that will continue to exist, regardless of the status of its owners, unless officially dissolved. In Nevada, the managers of an LLC can file articles of dissolution with the state by visiting the Secretary of State's website. The website contains all of the information needed to prepare a filing that complies with the dissolution provision of the Nevada Limited Liability Company Act. The LLC is considered officially dissolved once the articles of dissolution are accepted by the state.

Step 1

Call a meeting of LLC members, or owners. Vote to dissolve the company and adopt a resolution to that effect. Pay all outstanding obligations of the company, and distribute the remaining assets to the members in proportion to their ownership interests. The Nevada Limited Liability Company Act requires an LLC to pay all debts and to distribute all of the remaining property and assets to the members before dissolving the company.

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Step 2

Go to the business center section of the Nevada Secretary of State website (see Resources). Select the "Close a Business" link from the sidebar menu. Follow the "Limited Liability Company" link in the "Select Business Type" section.

Step 3

Download "Articles of Dissolution for a Nevada Limited-Liability Company." If you are dissolving an LLC that has not commenced business operations, download "Articles of Dissolution for a Nevada Limited-Liability Company Before Commencement of Business" instead. This document is a one-page, state-approved, fill-in-the-blank PDF form for registering the dissolution with the state.

Step 4

Fill out the articles of dissolution. The document requires the name of the LLC and the signature of a manager or member, attesting to the fact that debts have been paid, assets distributed and there are no pending lawsuits against the LLC.

Step 5

File the articles of dissolution with the state. The articles can be filed by mail or in person, and require the appropriate filing fee -- $100 as of November 2010. The dissolution is effective as of the day the filing is accepted by the state, unless you include a letter with the filing requesting the dissolution become effective at a later date that is no more than 90 days in the future.

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How to Dissolve an LLC in North Carolina

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How to Set Up an LLC in Wyoming

A limited liability company, or LLC, is formed under state law, according to the provisions of a state's Limited Liability Company Act. In Wyoming, the secretary of state's office handles the registration and maintenance of businesses and grants the authority to operate in the state. To set up a new LLC, a business owner files articles of organization with the secretary's business division. This filing serves as the LLC's basic business license. Any additional required licenses or permits must be obtained separately.

Maryland's LLC Dissolution Law

By properly dissolving your limited liability company, you can ensure that creditors and state agencies are notified and your finances and professional reputation are protected. An LLC is a common business structure that combines the management flexibility of a partnership with the limited liability of a corporation. The operating agreement or articles of organization may provide when and how the LLC may be dissolved and how you should distribute its assets. Maryland law regulates how LLCs are dissolved if not spelled out in the operating agreement.

How Do I Dissolve an LLC?

It is easier to form an LLC than to dissolve one, except when an LLC automatically dissolves because it was formed for a limited duration. Nevertheless, it is important to go through the process of dissolving your LLC rather than simply ceasing operations because the LLC may be subject to continuing tax and legal obligations even if it no longer operates.

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