Statement of Dissociation is a legal document that was released by the Colorado Secretary of State - a government authority operating within Colorado.
Q: What is a Statement of Dissociation?
A: A Statement of Dissociation is a legal document used in Colorado to formalize the dissociation of a member from a limited liability company (LLC).
Q: What is dissociation?
A: Dissociation refers to the process of a member leaving or being removed from an LLC.
Q: Why would someone file a Statement of Dissociation?
A: Someone would file a Statement of Dissociation to legally remove themselves as a member of an LLC and end their responsibilities and liabilities associated with the company.
Q: Who can file a Statement of Dissociation?
A: A member of an LLC can file a Statement of Dissociation to initiate the process of leaving the company.
Q: Do all LLCs require a Statement of Dissociation?
A: No, not all LLCs require a Statement of Dissociation. It is only necessary when a member wants to formally dissociate from the LLC.
Q: What information is required in a Statement of Dissociation?
A: The Statement of Dissociation form typically requires information such as the LLC's name, the member's name, and the effective date of dissociation.
Q: What happens after filing a Statement of Dissociation?
A: After filing a Statement of Dissociation, the member will no longer be considered a member of the LLC and will be released from any further obligations or liabilities associated with the company.
Q: Is a Statement of Dissociation reversible?
A: Once a Statement of Dissociation is filed and processed, it is generally not reversible. The dissociation is considered final and the member's legal ties to the LLC are severed.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Colorado Secretary of State.