Businesses close for many reasons, but it's not enough for corporations or LLCs to simply shut their doors. If you have gone out of business, you need to officially dissolve your corporation or LLC with the state.
Until the Secretary of State's office is aware that your company is no longer in operation, you are still liable for annual report filings, franchise tax payments and other obligations.
It's critical that you formally dissolve your company, because letting it lapse or allowing the state to dissolve it involuntarily could create a number of problems, including:
The best way to put a stop to these obligations is to file Articles of Dissolution with the state. By doing so, you will end your company's existence in your state of incorporation. Formal dissolution also gives you the chance to tie up other loose ends, such as ending your obligation to maintain a registered agent service.
incorporate.com can help you prepare and file your Articles of Dissolution. Simply contact us, provide us with payment information and some basic details about your company, and we will file the paperwork and send you the official documentation when it's ready.
To find out more about the importance of formal business dissolution, visit our Frequently Asked Questions section.
Call us at 855-236-4043 to get started.
What is a dissolution filing?
A business dissolution refers to the formal termination or closure of a business.
When would I file a dissolution?
When you have decided to no longer conduct business. You should check with your accountant regarding possible tax implications.
Why would I need to dissolve my business?
It's critical that you formally dissolve your company, because letting it lapse or allowing the state to dissolve it involuntarily could create a number of problems, including:
What is required to dissolve a business?
First, companies must approve the dissolution of the business. Once this is agreed upon, the business must then file a Certificate of Dissolution with the state. In addition, you must file an annual return for the year you go out of business. If you have employees, you must file the final employment tax returns, in addition to making final federal tax deposits of these taxes.
How can incorporate.com help me?
We will deal with the Secretary of State so you don't need to. Our team has experience filing dissolutions for companies of all shapes and sizes. We will research your filing and identify what it will cost. In addition, we will prepare the documents and get them to you for signature (if necessary). Once you return them to us, we will file the dissolution with the Secretary of State.