Thursday, July 28, 2016

Administrative dissolution

 In Kentucky, business entities are required by law to formally dissolve. In order to properly close, a domestic entity must file articles of dissolution. The Secretary of State's filing fee for articles of dissolution is $40.00.

In the alternative, failure to file the required annual report ($15 filing fee) will automatically result, through the mere passage of time, in an administrative dissolution. Net out of pocket savings of $55 and no need to draft articles of anything..

Hmmmm . . . . which way to go?
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Tom Fox, J. D.
Southern Specialty Law Publishing Company
Louisville, Kentucky

A division of Accountable Kentucky Incorporated
a Kentucky Non-profit corporation
AccountableKY.org

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This is not legal advice and I am not a lawyer.

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