Dissolution

Going out of business? Be sure to terminate your corporation the right way.

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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:

  • Personal liability for judgments against the business
  • Expensive state-assessed penalties and fees
  • Unnecessary registered agent service payments

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 and as well as any other states where you are qualified to do business. Formal dissolution also gives you the chance to tie up other loose ends, such as ending your obligation to maintain a registered agent service.

The Company Corporation can help.

The Company Corporation 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.

Learn more

To find out more about the importance of formal business dissolution, visit our Frequently Asked Questions section.

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Dissolution FAQs

What is a dissolution filing?

A business dissolution refers to the formal termination or closure of a business.

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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.

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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:

  • Personal liability for judgments against the business
  • Expensive state-assessed penalties and fees
  • Unnecessary registered agent service payments
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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.

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How can The Company Corporation 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.

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After you place an order for this service:

  • Tell us the reason for dissolving your business.

  • Submit payment and information about you and your company.

  • Tax clearance (if applicable), past due taxes/annual reports and additional state fees are not included in the quoted fee. You are required to pay any applicable state filing fees and tax clearance to complete the process.

  • We will send you the application materials for your signature.

  • Sign and return the form to us for filing with the appropriate government office.

  • We will send you the approval notice when the state or local government has accepted your request.

File a Dissolution

$150*

*plus state fees and tax clearance (when applicable).

Get Started

Would you rather place your order by phone? Call us at 800.818.6082