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Dissolution

Dissolution

A limited liability company is dissolved and its affairs shall be wound up when any of the following occurs:

  1. By unanimous vote of all members entitled to vote.
  2. Automatically at the time specified in the articles of organization.
  3. Upon the happening of an event specified in the articles of organization or in the operating agreement, include a vote of members.
  4. Automatically upon entry of a decree of judicial dissolution

Upon dissolution of a limited liability company under items 1 or 3, a Certificate of Dissolution (CSCL/CD 731) shall be filed.  A tax clearance must be requested from the Michigan Department of Treasury within 60 days of filing the dissolution.

NOTE: If an LLC is currently not in good standing status, in order to file a dissolution form, the LLC must first restore good standing.