Establishing secure connection…Loading editor…Preparing document…

West Virginia Code Chapter 31D Article 14 Dissolution

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!
West Virginia Code Chapter 31D Article 14 Dissolution

What West Virginia Code Chapter 31D Article 14 (Dissolution) Covers

West Virginia Code Chapter 31D Article 14 governs the dissolution and winding up of limited liability companies formed under West Virginia law. It sets out voluntary and involuntary dissolution triggers, required actions by managers or members, the process for winding up business affairs, steps to notify creditors, distribution priorities for remaining assets, and procedures for filing a certificate of dissolution with the Secretary of State to terminate the LLC’s authority to transact business.

Why the Dissolution Rules Matter for LLCs in West Virginia

Following Article 14 ensures an orderly wind-up, protects members from post-dissolution liabilities, preserves creditor and tax compliance, and records the LLC’s termination with the Secretary of State so the company stops accruing state-level obligations and fees.

Why the Dissolution Rules Matter for LLCs in West Virginia

Who Typically Prepares or Signs a Chapter 31D Article 14 Dissolution

Primary users are company managers, majority members, corporate counsel, and registered agents who handle formal compliance tasks.

  • Managers and members who vote to dissolve and approve winding up actions.
  • Company attorneys and legal staff who draft the certificate and clear statutory requirements.
  • Registered agents and filing services who submit the certificate of dissolution to the Secretary of State.

Stepwise Process to Complete and File a Chapter 31D Article 14 Dissolution

Follow these practical steps from internal approval to Secretary of State filing and creditor notifications to complete dissolution under WV law.

  • 01
    Authorize Dissolution: Hold member/manager vote per operating agreement.
  • 02
    Adopt Winding-Up Plan: Document asset liquidation and creditor notice procedures.
  • 03
    Settle Liabilities: Pay creditors or make arrangements for claims.
  • 04
    File Certificate: Submit dissolution form with Secretary of State and pay fee.

How to Configure an Online Dissolution Workflow

Set up a digital workflow to collect approvals, signatures, and attachments in the correct order before filing with the state.

Field Configuration
Entity Identification Auto-populate legal name and filing number from template.
Approval Order Require manager approval before member signatures.
Attachments Attach operating agreement excerpts and creditor notices.
Final Filing Generate signed PDF for Secretary of State submission.

Where to Submit the Certificate and What Happens Next

Filing routes determine acceptance timing and whether additional local steps are required; confirm the Secretary of State’s accepted delivery methods and required attachments.

  • State Filing: Submit the signed certificate to the WV Secretary of State.
  • County Filings: Record any local documents required by county recorder.
  • Tax Clearance: Resolve state tax obligations with the WV Tax Department as needed.
  • Public Notice: Notify known creditors and publish notice if statute requires.

Typical Timelines and Processing Expectations for Dissolution

Expect a sequence of internal and external deadlines; processing times vary with the Secretary of State and whether tax clearance or creditor notices are required.

Member Vote Record:

File internal minutes at approval; no state deadline.

Filing Submission:

Submit certificate per Secretary of State procedures.

Creditor Notices:

Send as soon as winding up begins to preserve defenses.

Tax Finalization:

Complete final tax returns per IRS and state schedules.

Record Retention:

Keep dissolution records for statutory retention periods.

Key Milestones During the Dissolution and Winding-Up Sequence

A numbered milestone view helps track approval, wind-up actions, filings, and final distributions through to termination.

01

Approval Vote

Members adopt dissolution resolution and record vote details.

02

Winding-Up Begins

Liquidate assets and identify creditor claims.

03

Final Filings

File certificate of dissolution with the Secretary of State.

04

Distribution Complete

Distribute net assets per priority rules and operating agreement.

Core Elements to Include in a Professional Dissolution Statement

Ensure the certificate or statement of dissolution includes these six essential elements to satisfy statutory requirements and facilitate administrative acceptance.

Entity Identification

Full legal name of the LLC and Secretary of State filing number to ensure accurate record matching.

Dissolution Authority

Reference the approving body (members or managers) and the date of the vote or consent authorizing dissolution.

Effective Date

State the effective date of dissolution, which controls winding-up obligations and reporting windows.

Winding-Up Statement

Short description indicating whether the affairs are winding up and who is authorized to act during wind-up.

Signature Block

Signature, printed name, title, and date for each authorized signer executing the certificate.

Registered Agent Notice

Indicate whether the registered agent continues to accept service during wind-up or will resign.

Required Information and Fields Typically Present on the Document

Entity Name: Full legal name
Filing Number: State-assigned ID
Effective Date: MM/DD/YYYY format
Approving Body: Manager or member vote
Signature: Authorized signer
Registered Agent: Agent status

Common Mistakes to Avoid When Preparing a Dissolution Filing

  • Using a corporate or trade name variant instead of the LLC’s exact legal name, which causes state rejection and delays.
  • Failing to record the member or manager approval properly in the minutes or written consents before filing the certificate.
  • Overlooking outstanding tax returns or payroll obligations, which can leave members exposed to continued liability and tax enforcement.
  • Distributing assets before paying known creditor claims, risking personal liability for members if statutory priorities are not observed.

Penalties and Risks of an Incorrect or Incomplete Dissolution

State Fees: Late or rejected filings can trigger additional state fees
Tax Exposure: Unfiled returns may incur penalties and interest
Creditor Claims: Failure to notify can revive claims post-dissolution
Personal Liability: Improper distributions can expose members
Recordkeeping: Insufficient records impede audits or disputes
Revocation Risk: Noncompliance may prevent final termination

Real-World Examples of Electronic Dissolution Workflows

These case snapshots show how organizations completed wind-up tasks and executed filings using digital signatures and online workflows.

Tim Martin — Martin Properties

Tim Martin streamlined lease and closing document signings during wind-up to avoid delays.

  • Used mobile signing for remote owners.
  • The online process allowed the firm to finalize property transfers quickly while maintaining audit trails and secure records for lenders and title companies.

Kodi-Marie Evans — Xerox

Xerox integrated eSignatures with back-office systems to close subsidiary wind-ups efficiently.

  • Linked approvals to NetSuite workflows.
  • Integration reduced manual reconciliation, centralized signed certificates of dissolution, and simplified final tax reporting and asset transfers.

How Electronic vs. Traditional Signing Compares for Dissolution Documents

Compare core capabilities and legal standing of electronic signatures and traditional wet-ink execution for statutory dissolution filings.

Criteria Electronic Signature Wet-Ink Signature
Legal Validity yes (esign/ueta) yes (traditional)
Remote Notarization yes where ron allowed no (requires in-person)
Audit Trail detailed metadata limited to physical file
Storage & Retrieval searchable digital files physical storage needed

Digital Signing Considerations for Filing and Notarization

Confirm the eSignature platform supports lawful execution, identity verification, and any required notarization method.

  • Authentication: Email, SMS, or advanced signer verification
  • Notarization Support: In-person and RON options where permitted
  • Document Formats: PDF and Word DOCX accepted

Comparison of Common eSignature Pricing and Feature Criteria

Basic pricing and feature availability for representative eSignature vendors. signNow appears first per vendor comparison convention.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies by plan Varies by plan Varies by plan Varies by plan
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies Varies Varies

Frequently Asked Questions About Chapter 31D Article 14 Dissolution

Answers to common questions about electronic execution, filing, voter thresholds, and retaining records during and after wind-up.


Need help? Contact support

be ready to get more
Join over 28 million airSlate SignNow users