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Dissolution
File dissolution paperwork with the state you filed in your company can be tough at times.
close YOUR COMPANY NAME
How to Close an LLC or Corporation?
Starting a company involves filing Articles of Incorporation, so it’s logical that Articles are necessary to dissolve it. Failure to file these documents means the business owner remains liable for taxes and state obligations. Fortunately, closing a company mainly involves paperwork.
To properly close a corporation or LLC that’s ceased operations, filing Articles of Dissolution with the state of incorporation is essential. Neglecting this step could lead to unnecessary fees or taxes for the inactive entity.
Dissolving a business primarily involves filing Articles of Dissolution with the secretary of state. However, if there are unresolved legal issues, the dissolution process might become more complex.
Steps to dissolving your LLC or Corporation
Hold a meeting with the Board of Directors
File the Articles of Dissolution
The necessary paperwork must be filled out and signed by your company’s Registered Agent. Upon completion, you’ll receive a Certificate of Dissolution, officially ending your business activities in the state. Proper documentation of dissolution in the state of incorporation leads to automatic dissolution of branches in other states. It’s crucial to dissolve a company in the state where it was incorporated.
Notify the IRS
This step is crucial as it grants you a “consent to dissolution” or “tax clearance,” streamlining the process. To obtain this consent, all federal and state taxes must be paid. The secretary of state will require these documents for a formal dissolution. While we assist with filing your Articles of Dissolution, you are responsible for liaising with the IRS to obtain any necessary tax clearances.
FAQS
Find answers to frequently asked questions
No, we manage all tasks remotely. You only need to provide your passport for identity verification, and we'll handle the rest by working directly with the bank to open your account.
We collaborate with our partners to offer a seamless tax filing experience for you. Through our partner, Bookmate, we offer packages tailored to your revenue and can handle filings for any entity compatible with Cfiler. As a Cfiler customer, you can enjoy an exclusive 10% discount on all Bookmate services. Federal tax returns are typically due in March or April, depending on the entity.
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We offer more than traditional legal services at significantly lower costs, thanks to our utilization of technology and automation to streamline administrative expenses. Concerned about accuracy? Rest assured, our procedures undergo thorough validation by legal experts to ensure precise filing of your information.
No, you don't need to be a U.S. Citizen with an SSN to use Cfiler. We support non-residents from over 175+ countries. If you do have an SSN, let us know and we can expedite your application.
The majority of our clients establish U.S. companies to enter the U.S. market, minimize personal liability, and gain access to U.S. payment and banking systems.
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