How to Dissolve a LLC in Ohio (How to legally Close an Ohio Business)
OHIO BUSINESS SERVICES CORPORATION Incorporate in Ohio Ohio Professional Corporation Ohio Nonprofit Corporation OH Corporation Foreign Qualification Ohio Corporation Annual Report Ohio Corporation Dissolution LLC Form a LLC in Ohio OH LLC Foreign Qualification Ohio LLC Annual Report Ohio LLC Dissolution OTHER OHIO BUSINESS SERVICES Ohio Good Standing Certificate Ohio Apostille Ohio DBA Name Ohio Registered Agent OH Corporation Kit and Seal Ohio Certified Copies OH Business Reinstatement OH Company Name Reservation OH Tax Status Compliance Certificate OH Attorney Good Standing Certificate OH Walk-In Filing Service Ohio Property Deed OH Employer Requirements QUICK ENTRY FORMS Ohio Incorporation Ohio LLC OH Professional Corporation OH Nonprofit Corporation OH Foreign Corporation OH Foreign LLC OH LLC Dissolution OH 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 Ohio LLC Dissolution? An Ohio LLC is created when the OH Secretary of State approves the Articles of Organization. A record of the Ohio LLC is added to the list of LLCs which have officially registered with the Ohio Secretary of State.  Once a LLC is registered with the Ohio 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... An Ohio LLC is created when the OH Secretary of State approves the Articles of Organization. A record of the Ohio LLC is added to the list of LLCs which have officially registered with the Ohio Secretary of State.  Once a LLC is registered with the Ohio 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 an Ohio LLC with the Ohio Secretary of State and want to cease business activities you have to let the OH Secretary of State know that you intend to close your company.  Only after the OH Secretary of State has made sure that all of the obligations of the Ohio LLC have been fulfilled will the Secretary of State approve of the closure of the company. When the Ohio Secretary of State approves the closing of an OH LLC, that Ohio LLC is said to be Dissolved.   The process of Dissolving an Ohio LLC is called Ohio LLC Dissolution. Why do I need to Dissolve an Ohio LLC? As soon as an Ohio LLC is registered with the OH Secretary of State, that LLC is responsible for recurring obligations of the Ohio Secretary of State and the Ohio Department of Revenue.  If the Ohio LLC does not file reports or pay taxes then that OH Limited Liability Company could be responsible for penalties which go up as time goes by. Unless you Dissolve your Ohio LLC with the Ohio Secretary of State that OH Limited Liability Company will be responsible for all recurring fees and penalties. What do I have to do to Dissolve an Ohio LLC? Ohio LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Ohio 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 Ohio Secretary of State; and things that you have to do after the OH Secretary of State has approved Dissolution of the Ohio LLC.  What you have to do both before and after the Ohio LLC is Dissolved largely depends on if the Ohio LLC has commenced business and how many assets, debts and liabilities, if any, that the OH Limited Liabilty Company has.  If the Ohio LLC has not commenced business then the OH Limited Liability Company Dissolution process is easier. What do I have to do before I Dissolve an Ohio LLC? Things you need to do before you Dissolve an Ohio LLC.   1. Hold a Members meeting and record a resolution to Dissolve the Ohio LLC   2. Clear up any business debt   3. Pay all taxes and administrative fees owed by the Ohio LLC more... less... 1. Hold a Members meeting and record a resolution to Dissolve the Ohio LLC If the Ohio LLC has any Members then a meeting should be held and a vote to Dissolve the Ohio Limited Liability Company taken. Minutes of the meeting should be recorded and retained in the business records. If the Ohio LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the Ohio LLC. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Ohio Secretary of State. 2. Clear up any business debts All creditors of an Ohio 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. 3. Pay all taxes and administrative fees owed by the Ohio LLC The Ohio Secretary of State will definitely not approve the Dissolution of an Ohio LLC until all outstanding taxes and applicable registration and administrative fees have been paid. less... What do I have to do after I Dissolve an Ohio LLC? Things you have to do after you Incorporate in Ohio.   1. Distribute all remaining assets of the Ohio LLC   2. Close all business bank accounts of the Ohio LLC   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the OH LLC's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Ohio LLC If the Ohio LLC has any remaining assets, these may be divided according to the Members' ownership interests in the OH Limited Liability Company.  All distributions to LLC Members must be reported to the IRS. 2. Close all business bank accounts of the Ohio LLC If there are any business accounts that have been opened for the Ohio LLC then those accounts must be closed. If Company Business accounts are left open there may be liability and obligations of the Dissolved Ohio LLC which could lead to legal problems down the line. 3. Cancel all local business licenses and permits of the OH LLC If the Ohio 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 Ohio LLC. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 Most Dissolved Ohio LLCs must file IRS Form 966 with the US Internal Revenue Service. If an Ohio 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 Ohio 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 OH LLC's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Ohio LLC.  Once the IRS links an EIN to an Ohio LLC, that EIN stays with the Ohio LLC even after the Company has been Dissolved by the Ohio Secretary of State. When the IRS processes the final tax return for the Ohio 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 Ohio LLC down the line then the IRS will reactivate the old EIN for your new Business. Before an Ohio LLC can close an EIN account, it must be in Good Standing with the IRS.  The Ohio LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Ohio 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 an Ohio LLC? The time it takes to Dissolve an Ohio 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 Ohio Secretary of State usually takes around 3-5 business days to process the Certificate of Dissolution.    more... less... The time it takes to Dissolve an Ohio 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 Ohio Secretary of State usually takes around 3-5 business days to process the Certificate of Dissolution. Processing times for Ohio LLC Dissolution filings vary depending on the work load of the Secretary of State's staff.  We've found that normal processing of Ohio Dissolution filings takes the state around 3-5 business days. PLEASE NOTE: WE CANNOT GUARANTEE OHIO SECRETARY OF STATE PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Ohio Secretary of State . In our experience 3-5 business days is the time it usually takes the Ohio Secretary of State to process an Ohio Dissolution filing. We get your Ohio LLC Dissolution filing to the OH Secretary of State ASAP. Once it is at the state we have no control over the Ohio Dissolution approval process. How much does it cost to Dissolve a LLC in Ohio? The total cost to Dissolve an Ohio LLC varies depending on exactly what is required for each specific OH Dissolution. We charge $224.00 plus any state fees for our Ohio LLC Dissolution services. This includes: Same day processing Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Certificate of Dissolution with the Ohio 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 OH Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Ohio 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 an OH Domestic LLC? If there are Foreign LLCs in states other than Ohio that are tied to the Domestic Ohio LLC then each of those Foreign LLCs must be Dissolved before the Ohio LLC is legally Dissolved. How long before someone can use my LLC name in Ohio after I Dissolve? The company name of an Ohio LLC which has been Dissolved is not available for use in Ohio by another Corporation or LLC until one year from the date on which the Ohio Limited Liability Company was Dissolved by the Ohio Secretary of State. Do I have to publish a Notice of Dissolution of the Ohio LLC? There are no state of Ohio requirements for the publication of a Notice of Dissolution of an Ohio LLC. While the Ohio Secretary of State does not legally require the publication of a Notice of Dissolution of an Ohio LLC, publication is a good way to notify anyone who might have a claim against the Ohio LLC.  Evidence of publication might prove useful down the line if someone makes a claim against the OH Limited Liability Company after the Ohio LLC has been dissolved.	OHIO LLC DISSOLUTION SERVICES For $224.00 our Ohio LLC Dissolution Services include: Same day processing explain We will start processing your Ohio LLC Dissoltion filing on the same day that you submit your order.  We get your OH LLC Dissolution filing to the Ohio Secretary of State as fast as possible.  Once they get the application, the OH Secretary of State usually takes 3-5 business days to process an Ohio LLC Dissolution filing. Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Certificate of Dissolution with the Ohio 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 Ohio LLC Certified copy of LLC Dissolution filing from OH Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE OHIO DISSOLUTION SERVICES If you don't need our complete Ohio 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 an Ohio LLC, a meeting of all Members of the OH LLC must be held to approve the LLC Dissolution. A majority of LLC Members must approve the Ohio 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 Ohio. We will also compile a formal resolution to Dissolve the Ohio LLC for your records. Prepare and file Certificate of Dissolution - $75.00   explain As soon as the preliminary Ohio LLC Dissolution actions are completed we will prepare and file the Certificate of Dissolution with the Ohio Secretary of State in the quickest way possible Prepare IRS Form 966 - $65.00   explain Most, but not all, Dissolved Ohio 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 an Ohio 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 Ohio 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 Ohio LLC.  Once an EIN is linked to a Ohio LLC by the IRS, that EIN stays with the Ohio LLC even after the Company has been Dissolved by the Ohio Secretary of State. When the IRS processes the final tax return for the Ohio 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 Ohio LLC's EIN account closed as quickly as possible. Processing fees $224.00 Ohio Dissolution fees $55.00 Optional services $0.00 Total cost $279.00 OUR ADVANTAGE We start processing your Ohio LLC Dissolution order as soon as it arrives. We get your documents to the Ohio Secretary of State in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Ohio Dissolution services we will refund 100% of your processing fees. We've been helping LLCs legally Dissolve in Ohio for over ten years.  Our A+ BBB rating speaks for itself! 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