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How do I dissolve an LLC in Oregon?
To dissolve/terminate your LLC in Oregon, you must provide the completed Articles of Amendment/Dissolution – Limited Liability Company form to the Oregon Secretary of State Corporation Division by mail, in person or by fax with a Fax Cover Sheet. Original signature is NOT required.
How much does it cost to dissolve an LLC in Oregon?
a $100
To complete the articles of dissolution, you simply need to provide the name of your LLC, the date of dissolution, and one or more authorized signatures. There is a $100 fee to file the articles. Your filing usually will be processed within one week.
How do I close my Oregon business account?
File Closure With the Secretary of State
- Find your business type on the Business Registration Forms page.
- Look for “Articles of Dissolution” or “Cancelation” form, depending on your business type.
- If you have questions, contact the Corporation Division of the Secretary of State.
What does administrative dissolution mean Oregon?
(3) A corporation administratively dissolved continues the corporation’s corporate existence but may not carry on any activities except activities that are necessary or appropriate to wind up and liquidate the corporation’s business and affairs under ORS 60.637, and notify claimants under ORS 60.641 and 60.644.
How do I notify the IRS of an LLC dissolution?
When you file, you must:
- Report capital gains and losses on Schedule D (Form 1065).
- Check the “final return” box (it’s near the top of the front page of the return, below the name and address).
- Check the same box on Schedule K-1, Partner’s Share of Income, Deductions, Credits, Etc.
What happens when an entity is dissolved?
When a corporation is dissolved, it no longer legally exists and, in most cases, its debts disappear as well. State laws usually give additional time beyond the dissolution for creditors to file suits for failure to pay any corporate debts or for the wrongful distribution of corporate assets.
Do I need to close my EIN number?
Regardless of whether the EIN is ever used to file Federal tax returns, the EIN is never reused or reassigned to another business entity. The EIN will still belong to the business entity and can be used at a later date, should the need arise.
What does it mean if an LLC is dissolved?
By dissolving an LLC properly, it means that the LLC is no longer a legal business entity so you won’t be expected to pay any fees or taxes, or file any more documents. Despite no longer operating, it is possible for members to create a new LLC and run it in the same way as the dissolved company.