Dissolving, Winding Up & Terminating LLCs

National Business Institute
Training overview
Professional Course
1 hour
From 199 USD

Start dates
199 USD
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Course description

Dissolving, Winding Up & Terminating LLCs

Terminating an entity's legal existence requires strict adherence to internal rules and state law. This course provides a practical overview of the major steps in the dissolution process, from triggering event to asset disbursement and creditor notification. Learn how to advise clients at the end of their business lifecycle.

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Training content

  1. Types of Termination: Voluntary, Judicial and Administrative
  2. Steps to Voluntarily Dissolve an LLC
    1. Review Operating Agreement Guidelines
    2. Consent of Members
    3. Commencement of Winding Up
    4. Notice to Creditors
    5. File Final Tax Return and Employment-Related Taxes
    6. Distribution of Remaining Assets
    7. File Articles of Dissolution
  3. Special Considerations
    1. Authority to Transact Business in Other States
    2. Business Licenses and Permits Need to be Cancelled
    3. Collect Outstanding A/R and Notify Clients
    4. Bulk Sale Laws
  4. Notifying Creditors and Settling Claims
  5. Consequences of Not Dissolving an LLC

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More than 1.3 million professionals have trusted NBI with their training

With 35+ years of expertise, we understand the needs of professionals seeking continuing education

Our diverse catalog of 4,000+ courses covers topics in all legal disciplines

About NBI

National Business Institute

At NBI, we believe that enhancing professional knowledge through continuing education empowers our customers to better serve their community. With over 35 years of experience, we understand the needs of legal professionals seeking continuing education and we are dedicated to...

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National Business Institute

1218 McCann Dr
54720 Altoona WI

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