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How do I fill this out?
To fill out the Articles of Termination, start by confirming the LLC's name as registered. Ensure all assets are fully distributed before submission. Follow the outlined instructions for completing and submitting the form correctly.
How to fill out the Articles of Termination for Arizona LLC?
1
Confirm the LLC name as registered.
2
Ensure all assets are distributed.
3
Complete the required forms.
4
Submit with the cover sheet.
5
Include the correct payment.
Who needs the Articles of Termination for Arizona LLC?
1
Business owners wishing to dissolve their LLC.
2
Accountants advising clients on LLC termination.
3
Legal representatives assisting with corporate filings.
4
Investors requiring closure of an inactive LLC.
5
Entrepreneurs needing to simplify business operations.
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What are the instructions for submitting this form?
Submit the Articles of Termination by mail or in person at the Arizona Corporation Commission, Corporations Division, located at 1300 West Washington Street, Phoenix, Arizona 85007. You may also submit via electronic means if available. Ensure to include your cover sheet, payment, and complete documents to avoid delays.
What are the important dates for this form in 2024 and 2025?
Important dates for filing Articles of Termination include submission deadlines for the 2024 and 2025 fiscal years. Ensure you check with the Arizona Corporation Commission for any updates. Keeping track of these dates facilitates a smoother dissolution process.
What is the purpose of this form?
The purpose of the Articles of Termination is to provide a legal framework for dissolving an LLC in Arizona. It ensures that all necessary steps are followed for compliance with state regulations. Proper completion of this form protects the interests of all stakeholders involved.
Tell me about this form and its components and fields line-by-line.
- 1. LLC Name: The exact name of the LLC as registered with the Arizona Corporation Commission.
- 2. Distribution Statement: A statement confirming all assets have been distributed before filing.
- 3. Signature Section: Space for an authorized person to sign and date the document.
- 4. Cover Sheet: A mandatory cover sheet required with the submission of all documents.
What happens if I fail to submit this form?
Failing to submit the Articles of Termination can result in legal implications for the LLC. It may also prolong the dissolution process, leading to unnecessary complications.
- Continuing Obligations: The LLC may still be considered active and responsible for annual filings.
- Legal Liability: Failure to dissolve properly could lead to ongoing legal liabilities.
- Asset Distribution Issues: Inability to legally distribute remaining assets could cause disputes.
How do I know when to use this form?
- 1. Business Closure: To officially terminate the LLC during business closure.
- 2. Finalizing Financial Matters: When all financial matters have been addressed and assets distributed.
- 3. Compliance with State Law: To ensure compliance with Arizona state regulations regarding business termination.
Frequently Asked Questions
What is the Articles of Termination?
It is a document for formally dissolving an LLC in Arizona.
How do I submit the Articles of Termination?
You can submit it by mail, in person, or through an online platform.
What happens if assets are not distributed?
You cannot file the Articles of Termination until all assets are distributed.
Can I reverse the termination?
No, once approved, the termination is final.
What are the fees associated with filing?
The filing fee is $35, with additional charges for expedited services.
Is publication required?
No, publication of the Articles of Termination is not required.
What if I make an error in the form?
You can edit the document before final submission.
Who can sign the Articles of Termination?
Any authorized individual can sign under penalty of law.
What processing times should I expect?
Processing times are updated weekly on the Arizona Corporation Commission's website.
Where can I get the necessary forms?
The forms can be downloaded from the Arizona Corporation Commission's website.
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