What steps must I take to dissolve a limited liability company in Ohio?

To Dissolve an LLC in Ohio, Follow These Steps:

1. Conduct a Vote: Before dissolving the LLC, you must hold a vote among the members, with a majority of the voting rights to approve the dissolution.
2. File a Certificate of Dissolution: The LLC must file a Certificate of Dissolution with the Ohio Secretary of State. The Certificate of Dissolution should include the name of the LLC, the date of dissolution, and the reason for dissolution. The filing fee for the Certificate of Dissolution varies depending on the type of LLC.
3. Notify Creditors and Settle Debts: The LLC must settle all debts, liabilities, and obligations before filing for dissolution. It is essential to notify all creditors of the LLC's dissolution and settle any outstanding balances. If there are insufficient assets to pay creditors, you may need to obtain court approval for the LLC's dissolution.
4. File Final Tax Returns and Cancel Tax Accounts: To avoid future tax liabilities, the LLC must file its final tax return and any other required tax forms with the IRS and the Ohio Department of Taxation. The LLC must also cancel all tax accounts registered with the state.
5. Distribute Assets to Members: After settling all debts and obligations, the LLC must distribute the remaining assets as agreed upon by the members. If there is no agreement, assets must be distributed according to Ohio law.

Please note that the above steps are general guidelines for LLC dissolution in Ohio. Depending on the unique circumstances of the LLC, additional steps may be necessary. Seeking the advice of an experienced attorney can ensure that you follow the appropriate procedures and avoid potential legal issues.