How to Dissolve a LLC in Louisiana (How to legally Close a Louisiana Business)
LOUISIANA BUSINESS SERVICES CORPORATION Incorporate in Louisiana Louisiana Professional Corporation Louisiana Nonprofit Corporation LA Corporation Foreign Qualification Louisiana Corporation Annual Report Louisiana Corporation Dissolution LLC Form a LLC in Louisiana LA LLC Foreign Qualification Louisiana LLC Annual Report Louisiana LLC Dissolution OTHER LOUISIANA BUSINESS SERVICES Louisiana Good Standing Certificate Louisiana Apostille Louisiana DBA Name Louisiana Registered Agent LA Corporation Kit and Seal Louisiana Certified Copies LA Business Reinstatement LA Company Name Reservation LA Tax Status Compliance Certificate LA Attorney Good Standing Certificate Louisiana Property Deed LA Employer Requirements QUICK ENTRY FORMS Louisiana Incorporation Louisiana LLC LA Professional Corporation LA Nonprofit Corporation LA Foreign Corporation LA Foreign LLC LA LLC Dissolution LA Corporation Dissolution CORPORATE GLOSSARY   Administrative Dissolution Agent for Service of Process Apostille Apportionment Articles of Incorporation Articles of Organization Assumed Name At Will LLC Authorized Shares B Corporation Benefit Corporation Board of Directors Business Dissolution Business Entity Bylaws Certificate of Existence Certificate of Status Certified Copy Close Corporation Common Stock Conversion Corporate Bylaws Corporate Name Reservation Corporate Stock DBA Disregarded Entity Dividends ESOP Excise Tax Federal Tax ID Ficticious Name Foreign Qualification Franchise Tax General Partnership Good Standing Certificate Incorporator Involuntary Dissolution IRS Form 966 ITIN Limited Liability Company Limited Partnership Liquidation LLC LP Majority Shareholder Meetings Merger Nexus Non-Stock Corporation Nonprofit Corporation Obligated Member LLC Organizer Paid-in Capital Paid-in Surplus Par Value Personal Service Corporation Preferred Stock Privilege Tax Professional Corporation Professional Service Proxy Registered Agent Registered Office Reporting Requirements Revocation S Corporation Series LLC Service Mark Shareholder Sole Proprietor Stated Capital Statutory Agent Stock Certificate Term LLC Trade Name Trademark Trust Trustee Winding Up	What is Louisiana LLC Dissolution? A Louisiana LLC is created when the LA Secretary of State approves the Articles of Organization. A record of the Louisiana LLC is added to the list of LLCs which have officially registered with the Louisiana Secretary of State.  Once a LLC is registered with the Louisiana Secretary of State, that LLC immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   more... less... A Louisiana LLC is created when the LA Secretary of State approves the Articles of Organization. A record of the Louisiana LLC is added to the list of LLCs which have officially registered with the Louisiana Secretary of State.  Once a LLC is registered with the Louisiana Secretary of State, that LLC immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   If you've registered a Louisiana LLC with the Louisiana Secretary of State and want to cease business activities you have to let the LA Secretary of State know that you intend to close your company.  Only after the LA Secretary of State has made sure that all of the obligations of the Louisiana LLC have been fulfilled will the Secretary of State approve of the closure of the company. When the Louisiana Secretary of State approves the closing of a LA LLC, that Louisiana LLC is said to be Dissolved.   The process of Dissolving a Louisiana LLC is called Louisiana LLC Dissolution. Why do I need to Dissolve a Louisiana LLC? As soon as a Louisiana LLC is registered with the LA Secretary of State, that LLC is responsible for recurring obligations of the Louisiana Secretary of State and the Louisiana Department of Revenue.  If the Louisiana LLC does not file reports or pay taxes then that LA Limited Liability Company could be responsible for penalties which go up as time goes by. Unless you Dissolve your Louisiana LLC with the Louisiana Secretary of State that LA Limited Liability Company will be responsible for all recurring fees and penalties. What do I have to do to Dissolve a Louisiana LLC? Louisiana LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Louisiana LLC Dissolution is one part of a larger process commonly called the "Winding Up" process. There are things you need to do before you can request approval of LLC Dissolution from the Louisiana Secretary of State; and things that you have to do after the LA Secretary of State has approved Dissolution of the Louisiana LLC.  What you have to do both before and after the Louisiana LLC is Dissolved largely depends on if the Louisiana LLC has commenced business and how many assets, debts and liabilities, if any, that the LA Limited Liabilty Company has.  If the Louisiana LLC has not commenced business then the LA Limited Liability Company Dissolution process is easier. What do I have to do before I Dissolve a Louisiana LLC? Things you need to do before you Dissolve a Louisiana LLC.   1. Hold a Members meeting and record a resolution to Dissolve the Louisiana LLC   2. File all required Annual Reports with the Louisiana Secretary of State   3. Clear up any business debt   4. Pay all taxes and administrative fees owed by the Louisiana LLC more... less... 1. Hold a Members meeting and record a resolution to Dissolve the Louisiana LLC If the Louisiana LLC has any Members then a meeting should be held and a vote to Dissolve the Louisiana Limited Liability Company taken. Minutes of the meeting should be recorded and retained in the business records. If the Louisiana LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the Louisiana LLC. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Louisiana Secretary of State. 2. File all required Annual Reports with the Louisiana Secretary of State The Louisiana Secretary of State will not approve the Dissolution of a LA LLC until all required reports have been filed. We can file any required Annual Report with the LA Secretary of State. 3. Clear up any business debts All creditors of a Louisiana LLC should be given notice of the pending LLC Dissolution. Each creditor should be given a mailing address to which they may submit claims as well as a deadline by which claims may be submitted. 4. Pay all taxes and administrative fees owed by the Louisiana LLC The Louisiana Secretary of State will definitely not approve the Dissolution of a Louisiana LLC until all outstanding taxes and applicable registration and administrative fees have been paid. less... What do I have to do after I Dissolve a Louisiana LLC? Things you have to do after you Incorporate in Louisiana.   1. Distribute all remaining assets of the Louisiana LLC   2. Close all business bank accounts of the Louisiana LLC   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the LA LLC's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Louisiana LLC If the Louisiana LLC has any remaining assets, these may be divided according to the Members' ownership interests in the LA Limited Liability Company.  All distributions to LLC Members must be reported to the IRS. 2. Close all business bank accounts of the Louisiana LLC If there are any business accounts that have been opened for the Louisiana LLC then those accounts must be closed. If Company Business accounts are left open there may be liability and obligations of the Dissolved Louisiana LLC which could lead to legal problems down the line. 3. Cancel all local business licenses and permits of the LA LLC If the Louisiana LLC has obtained any state, regional, county or city business licenses or permits, each of those must be cancelled to avoid any reporting or fiscal obligations of the Louisiana LLC. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 Most Dissolved Louisiana LLCs must file IRS Form 966 with the US Internal Revenue Service. If a Louisiana LLC is required to file IRS Form 966, the filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Louisiana LLC has been legally Dissolved so that it may take the appropriate actions. We can prepare IRS Form 966 for you to file. 5. Cancel the IRS account associated with the LA LLC's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Louisiana LLC.  Once the IRS links an EIN to a Louisiana LLC, that EIN stays with the Louisiana LLC even after the Company has been Dissolved by the Louisiana Secretary of State. When the IRS processes the final tax return for the Louisiana LLC, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future. If you should decide to revivie the Louisiana LLC down the line then the IRS will reactivate the old EIN for your new Business. Before a Louisiana LLC can close an EIN account, it must be in Good Standing with the IRS.  The Louisiana LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Louisiana LLC cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe. We can prepare the formal documents which you can sign and submit to the IRS in order to close the account associated with your EIN. How long does it take to Dissolve a Louisiana LLC? The time it takes to Dissolve a Louisiana LLC varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Louisiana Secretary of State usually takes around 1-2 business weeks to process the Affidavit to Dissolve Limited Liability Company.    more... less... The time it takes to Dissolve a Louisiana LLC varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Louisiana Secretary of State usually takes around 1-2 business weeks to process the Affidavit to Dissolve Limited Liability Company. Processing times for Louisiana LLC Dissolution filings vary depending on the work load of the Secretary of State's staff.  We've found that normal processing of Louisiana Dissolution filings takes the state around 1-2 business weeks. PLEASE NOTE: WE CANNOT GUARANTEE LOUISIANA SECRETARY OF STATE PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Louisiana Secretary of State . In our experience 1-2 business weeks is the time it usually takes the Louisiana Secretary of State to process a Louisiana Dissolution filing. We get your Louisiana LLC Dissolution filing to the LA Secretary of State ASAP. Once it is at the state we have no control over the Louisiana Dissolution approval process. How much does it cost to Dissolve a LLC in Louisiana? The total cost to Dissolve a Louisiana LLC varies depending on exactly what is required for each specific LA Dissolution. We charge $224.00 plus any state fees for our Louisiana LLC Dissolution services. This includes: Same day processing Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Affidavit to Dissolve Limited Liability Company with the Louisiana Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel Federal EIN account Certified copy of Dissolution filing from LA Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Louisiana LLC Dissolution services separately as explained on the right side of this web page. What do I have to do if I want to Dissolve a Foreign LLC that is tied to a LA Domestic LLC? If there are Foreign LLCs in states other than Louisiana that are tied to the Domestic Louisiana LLC then each of those Foreign LLCs must be Dissolved before the Louisiana LLC is legally Dissolved. How long before someone can use my LLC name in Louisiana after I Dissolve? A Louisiana LLC company name becomes available for anyone to use when the Louisiana Limited Liability Company is Dissolved by the Louisiana Secretary of State. There are no LLC company name protections in Louisiana once a Louisiana LLC has been Dissolved by the Louisiana Secretary of State. Do I have to publish a Notice of Dissolution of the Louisiana LLC? There are no state of Louisiana requirements for the publication of a Notice of Dissolution of a Louisiana LLC. While the Louisiana Secretary of State does not legally require the publication of a Notice of Dissolution of a Louisiana LLC, publication is a good way to notify anyone who might have a claim against the Louisiana LLC.  Evidence of publication might prove useful down the line if someone makes a claim against the LA Limited Liability Company after the Louisiana LLC has been dissolved.	LOUISIANA LLC DISSOLUTION SERVICES For $224.00 our Louisiana LLC Dissolution Services include: Same day processing explain We will start processing your Louisiana LLC Dissoltion filing on the same day that you submit your order.  We get your LA LLC Dissolution filing to the Louisiana Secretary of State as fast as possible.  Once they get the application, the LA Secretary of State usually takes 1-2 business weeks to process a Louisiana LLC Dissolution filing. Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Affidavit to Dissolve Limited Liability Company with the Louisiana Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel the Federal EIN account linked to the Louisiana LLC Certified copy of LLC Dissolution filing from LA Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE LOUISIANA DISSOLUTION SERVICES If you don't need our complete Louisiana LLC Dissolution package we offer our Dissolution services separately check the box next to any option, price will be calculated automatically Transcribe Member meeting minutes - $75.00   explain After the decision is made to Dissolve a Louisiana LLC, a meeting of all Members of the LA LLC must be held to approve the LLC Dissolution. A majority of LLC Members must approve the Louisiana LLC Dissolution plan. The approval actions should be documented and kept in the business records. We will transcribe the minutes of the Member meeting into a format that is legally acceptable in the state of Louisiana. We will also compile a formal resolution to Dissolve the Louisiana LLC for your records. Prepare and file Affidavit to Dissolve Limited Liability Company - $75.00   explain As soon as the preliminary Louisiana LLC Dissolution actions are completed we will prepare and file the Affidavit to Dissolve Limited Liability Company with the Louisiana Secretary of State in the quickest way possible Prepare IRS Form 966 - $65.00   explain Most, but not all, Dissolved Louisiana LLCs must file IRS Form 966 with the US Internal Revenue Service. If you are not sure about your specific IRS Form 966 filing requirements you should contact an accountant. If a Louisiana LLC is required to file IRS Form 966, the filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Louisiana LLC has been legally Dissolved. We will prepare IRS Form 966 for you to file. Prepare EIN cancellation documents - $65.00   explain A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Louisiana LLC.  Once an EIN is linked to a Louisiana LLC by the IRS, that EIN stays with the Louisiana LLC even after the Company has been Dissolved by the Louisiana Secretary of State. When the IRS processes the final tax return for the Louisiana LLC, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed by the IRS.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account - or with the IRS - in the future. We will prepare formal documents to get your Louisiana LLC's EIN account closed as quickly as possible. Processing fees $224.00 Louisiana Dissolution fees $150.00 Optional services $0.00 Total cost $374.00 OUR ADVANTAGE We start processing your Louisiana LLC Dissolution order as soon as it arrives. We get your documents to the Louisiana Secretary of State in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Louisiana Dissolution services we will refund 100% of your processing fees. We've been helping LLCs legally Dissolve in Louisiana for over ten years.  Our A+ BBB rating speaks for itself! 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