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Utah Dissolution Form

Utah Dissolution Form

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Instructions and help about Utah Dissolution

Welcome back. Today, we are going to talk about how to dissolve or end an LLC. I'm Mark Lyda, from the Lyda Law Firm. Let's get started. In some ways, dissolving an LLC is similar to starting an LLC. Technically, it's as simple as going on the Secretary of State's website for your state and registering a form that you can do quickly and easily online. Currently, in Colorado, the fee for that form is $25. But, in addition to just simply going on and filing that form online, you also need to consider all different sorts of winding up considerations for your LLC. So, first, start with the Operating Agreement. What does the Operating Agreement say about dissolution, dissolving your LLC? If you are a multi-member LLC, meaning you have partners, who has to agree to the dissolution? Is there a majority vote? Does it have to be a unanimous vote or what? By default, the LLC Statute in Colorado says that unanimous agreement of the members of an LLC is sufficient t

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