How to Dissolve a LLC in Oklahoma (How to legally Close an Oklahoma Business)
OKLAHOMA BUSINESS SERVICES CORPORATION Incorporate in Oklahoma Oklahoma Professional Corporation Oklahoma Nonprofit Corporation OK Corporation Foreign Qualification Oklahoma Corporation Annual Report Oklahoma Corporation Dissolution LLC Form a LLC in Oklahoma OK LLC Foreign Qualification Oklahoma LLC Annual Report Oklahoma LLC Dissolution OTHER OKLAHOMA BUSINESS SERVICES Oklahoma Good Standing Certificate Oklahoma Apostille Oklahoma DBA Name Oklahoma Registered Agent OK Corporation Kit and Seal Oklahoma Certified Copies OK Business Reinstatement OK Company Name Reservation OK Tax Status Compliance Certificate OK Attorney Good Standing Certificate Oklahoma Property Deed OK Employer Requirements QUICK ENTRY FORMS Oklahoma Incorporation Oklahoma LLC OK Professional Corporation OK Nonprofit Corporation OK Foreign Corporation OK Foreign LLC OK LLC Dissolution OK 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 Oklahoma LLC Dissolution? An Oklahoma LLC is created when the OK Secretary of State approves the Articles of Organization. A record of the Oklahoma LLC is added to the list of LLCs which have officially registered with the Oklahoma Secretary of State.  Once a LLC is registered with the Oklahoma 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 Oklahoma LLC is created when the OK Secretary of State approves the Articles of Organization. A record of the Oklahoma LLC is added to the list of LLCs which have officially registered with the Oklahoma Secretary of State.  Once a LLC is registered with the Oklahoma 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 Oklahoma LLC with the Oklahoma Secretary of State and want to cease business activities you have to let the OK Secretary of State know that you intend to close your company.  Only after the OK Secretary of State has made sure that all of the obligations of the Oklahoma LLC have been fulfilled will the Secretary of State approve of the closure of the company. When the Oklahoma Secretary of State approves the closing of an OK LLC, that Oklahoma LLC is said to be Dissolved.   The process of Dissolving an Oklahoma LLC is called Oklahoma LLC Dissolution. Why do I need to Dissolve an Oklahoma LLC? As soon as an Oklahoma LLC is registered with the OK Secretary of State, that LLC is responsible for recurring obligations of the Oklahoma Secretary of State and the Oklahoma Tax Commission.  If the Oklahoma LLC does not file reports or pay taxes then that OK Limited Liability Company could be responsible for penalties which go up as time goes by. Unless you Dissolve your Oklahoma LLC with the Oklahoma Secretary of State that OK Limited Liability Company will be responsible for all recurring fees and penalties. What do I have to do to Dissolve an Oklahoma LLC? Oklahoma LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Oklahoma 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 Oklahoma Secretary of State; and things that you have to do after the OK Secretary of State has approved Dissolution of the Oklahoma LLC.  What you have to do both before and after the Oklahoma LLC is Dissolved largely depends on if the Oklahoma LLC has commenced business and how many assets, debts and liabilities, if any, that the OK Limited Liabilty Company has.  If the Oklahoma LLC has not commenced business then the OK Limited Liability Company Dissolution process is easier. What do I have to do before I Dissolve an Oklahoma LLC? Things you need to do before you Dissolve an Oklahoma LLC.   1. Hold a Members meeting and record a resolution to Dissolve the Oklahoma LLC   2. File all required Annual Reports with the Oklahoma Secretary of State   3. Clear up any business debt   4. Pay all taxes and administrative fees owed by the Oklahoma LLC more... less... 1. Hold a Members meeting and record a resolution to Dissolve the Oklahoma LLC If the Oklahoma LLC has any Members then a meeting should be held and a vote to Dissolve the Oklahoma Limited Liability Company taken. Minutes of the meeting should be recorded and retained in the business records. If the Oklahoma LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the Oklahoma LLC. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Oklahoma Secretary of State. 2. File all required Annual Reports with the Oklahoma Secretary of State The Oklahoma Secretary of State will not approve the Dissolution of an OK LLC until all required reports have been filed. We can file any required Annual Report with the OK Secretary of State. 3. Clear up any business debts All creditors of an Oklahoma 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 Oklahoma LLC The Oklahoma Secretary of State will definitely not approve the Dissolution of an Oklahoma 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 Oklahoma LLC? Things you have to do after you Incorporate in Oklahoma.   1. Distribute all remaining assets of the Oklahoma LLC   2. Close all business bank accounts of the Oklahoma LLC   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the OK LLC's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Oklahoma LLC If the Oklahoma LLC has any remaining assets, these may be divided according to the Members' ownership interests in the OK Limited Liability Company.  All distributions to LLC Members must be reported to the IRS. 2. Close all business bank accounts of the Oklahoma LLC If there are any business accounts that have been opened for the Oklahoma LLC then those accounts must be closed. If Company Business accounts are left open there may be liability and obligations of the Dissolved Oklahoma LLC which could lead to legal problems down the line. 3. Cancel all local business licenses and permits of the OK LLC If the Oklahoma 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 Oklahoma LLC. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 Most Dissolved Oklahoma LLCs must file IRS Form 966 with the US Internal Revenue Service. If an Oklahoma 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 Oklahoma 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 OK LLC's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Oklahoma LLC.  Once the IRS links an EIN to an Oklahoma LLC, that EIN stays with the Oklahoma LLC even after the Company has been Dissolved by the Oklahoma Secretary of State. When the IRS processes the final tax return for the Oklahoma 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 Oklahoma LLC down the line then the IRS will reactivate the old EIN for your new Business. Before an Oklahoma LLC can close an EIN account, it must be in Good Standing with the IRS.  The Oklahoma LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Oklahoma 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 Oklahoma LLC? The time it takes to Dissolve an Oklahoma 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 Oklahoma Secretary of State usually takes around 3-5 business days to process the Articles of Dissolution.    more... less... The time it takes to Dissolve an Oklahoma 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 Oklahoma Secretary of State usually takes around 3-5 business days to process the Articles of Dissolution. Processing times for Oklahoma LLC Dissolution filings vary depending on the work load of the Secretary of State's staff.  We've found that normal processing of Oklahoma Dissolution filings takes the state around 3-5 business days. PLEASE NOTE: WE CANNOT GUARANTEE OKLAHOMA SECRETARY OF STATE PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Oklahoma Secretary of State . In our experience 3-5 business days is the time it usually takes the Oklahoma Secretary of State to process an Oklahoma Dissolution filing. We get your Oklahoma LLC Dissolution filing to the OK Secretary of State ASAP. Once it is at the state we have no control over the Oklahoma Dissolution approval process. How much does it cost to Dissolve a LLC in Oklahoma? The total cost to Dissolve an Oklahoma LLC varies depending on exactly what is required for each specific OK Dissolution. We charge $224.00 plus any state fees for our Oklahoma LLC Dissolution services. This includes: Same day processing Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Articles of Dissolution with the Oklahoma 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 OK Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Oklahoma 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 OK Domestic LLC? If there are Foreign LLCs in states other than Oklahoma that are tied to the Domestic Oklahoma LLC then each of those Foreign LLCs must be Dissolved before the Oklahoma LLC is legally Dissolved. How long before someone can use my LLC name in Oklahoma after I Dissolve? An Oklahoma LLC company name becomes available for anyone to use when the Oklahoma Limited Liability Company is Dissolved by the Oklahoma Secretary of State. There are no LLC company name protections in Oklahoma once an Oklahoma LLC has been Dissolved by the Oklahoma Secretary of State. Do I have to publish a Notice of Dissolution of the Oklahoma LLC? There are no state of Oklahoma requirements for the publication of a Notice of Dissolution of an Oklahoma LLC. While the Oklahoma Secretary of State does not legally require the publication of a Notice of Dissolution of an Oklahoma LLC, publication is a good way to notify anyone who might have a claim against the Oklahoma LLC.  Evidence of publication might prove useful down the line if someone makes a claim against the OK Limited Liability Company after the Oklahoma LLC has been dissolved.	OKLAHOMA LLC DISSOLUTION SERVICES For $224.00 our Oklahoma LLC Dissolution Services include: Same day processing explain We will start processing your Oklahoma LLC Dissoltion filing on the same day that you submit your order.  We get your OK LLC Dissolution filing to the Oklahoma Secretary of State as fast as possible.  Once they get the application, the OK Secretary of State usually takes 3-5 business days to process an Oklahoma LLC Dissolution filing. Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Articles of Dissolution with the Oklahoma 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 Oklahoma LLC Certified copy of LLC Dissolution filing from OK Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE OKLAHOMA DISSOLUTION SERVICES If you don't need our complete Oklahoma 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 Oklahoma LLC, a meeting of all Members of the OK LLC must be held to approve the LLC Dissolution. A majority of LLC Members must approve the Oklahoma 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 Oklahoma. We will also compile a formal resolution to Dissolve the Oklahoma LLC for your records. Prepare and file Articles of Dissolution - $75.00   explain As soon as the preliminary Oklahoma LLC Dissolution actions are completed we will prepare and file the Articles of Dissolution with the Oklahoma Secretary of State in the quickest way possible Prepare IRS Form 966 - $65.00   explain Most, but not all, Dissolved Oklahoma 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 Oklahoma 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 Oklahoma 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 Oklahoma LLC.  Once an EIN is linked to a Oklahoma LLC by the IRS, that EIN stays with the Oklahoma LLC even after the Company has been Dissolved by the Oklahoma Secretary of State. When the IRS processes the final tax return for the Oklahoma 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 Oklahoma LLC's EIN account closed as quickly as possible. Processing fees $224.00 Oklahoma Dissolution fees $64.00 Optional services $0.00 Total cost $288.00 OUR ADVANTAGE We start processing your Oklahoma LLC Dissolution order as soon as it arrives. We get your documents to the Oklahoma Secretary of State in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Oklahoma Dissolution services we will refund 100% of your processing fees. We've been helping LLCs legally Dissolve in Oklahoma for over ten years.  Our A+ BBB rating speaks for itself! 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