How to Close, Terminate or Dissolve an LLC Business in Alabama Online (2024) Articles of Dissolution

In this video, I showed you guys How to Close, Terminate, or Dissolve an LLC Business in Alabama Online in 2024 Step by Step.

►(#ad) Close Your LLC using Bizee: https://shrsl.com/4c0ap

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Limited liability companies (LLCs) have a lifecycle. They’re formed, they do business, and they terminate. And while it’s true that LLCs have a right to exist forever—an entity characteristic known as perpetual duration—the fact is, most will one day terminate.

Ending an LLC’s existence as a separate legal entity is a multi-step process that involves dissolving, winding up affairs, liquidating assets, paying creditors, and more. This process requires compliance with both the formation state’s LLC Act and the LLC’s operating agreement.

Many operating agreements set forth when and how an LLC will dissolve, wind up, liquidate, and distribute its remaining assets to its members. If not, the statute’s default provisions have to be followed. This is one reason why it’s so important to have a written operating agreement. The statutory default provisions will not necessarily reflect what the members want to happen. In addition, the statutes have some requirements that must be complied with that cannot be altered by the operating agreement.

The whole LLC dissolution and closing process might seem complicated to you. If you want to dissolve or close your LLC without any hassle, just use Bizee which is a one-stop shop for everything from company formation to business dissolution, they will handle everything for you for a small amount of fee.

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