Dissolution of LLC in Virginia
Asked by: Larry Brown - 3 February, 2011
What is the process to dissolve a LLC in Virginia between 2 brothers, I am one of the brothers and want to protect my personal assets?
What is the process to dissolve a LLC in Virginia between 2 brothers, I am one of the brothers and want to protect my personal assets?
Answered by: Alec Green - 21 February, 2011
Dear Larry,
In order to officially dissolve your LLC on Virginia, you have to file Articles of Dissolution with Virginia Corporation Commission.
The Corporation Commission charges only $25 for filing the Articles of Dissolution for limited liability companies. The entire filing process takes anywhere from one to three weeks and can be expedited at additional cost.
In addition to filing the Articles of Dissolution, you should also follow other requirements for dissolving a company, such as getting a final tax return from your accountant. You can read more about the process of properly dissolving a company at this Company Dissolution page.
