An LLC is dissolved in Florida for one of three overarching reasons:
- Voluntary – A voluntary dissolution occurs when the members of the LLC agree to dissolve the LLC and they file articles of dissolution with the state of Florida. Members might agree to dissolve the LLC because the business is not doing good, the purpose of the business was completed, there is a falling out between members, or some other reason. An LLC can be dissolved at any time.
- Administrative – Administrative dissolution occurs when the state of Florida dissolves the LLC. The state of Florida may dissolve an LLC if the LLC does not follow the state’s requirements for LLCs. For instance, if the LLC fails to file annual reports or maintain a registered agent, then the state of Florida may administratively dissolve the LLC.
- Judicial – Judicial dissolution occurs when a judge orders that the LLC be dissolved. This may occur if a lawsuit is filed involving the LLC. An example might be if the LLC was created for some illegal purpose, such as committing fraud, the judge may require that the LLC be dissolved.
It should be noted that even if your LLC is dissolved, that does not mean it is gone forever. Depending on the reason an LLC was dissolved, it can be reinstated by filing a reinstatement application with the Florida Division of Corporations.