Until a company has been formally dissolved, its owners will continue to be held legally responsible for its obligations. Terminating the company will protect the owners from incurring additional liabilities.
Companies must continue paying all mandatory state and federal fees until they have been officially dissolved.
Let our knowledgeable staff help you complete your articles of dissolution, saving you from having to research the requirements yourself and communicate with the state.
Answer our short questionnaire and let us take it from there. We will keep you posted regarding the status of your application and let you know when your dissolution has been approved.
Schedule a meeting with the business owners, partners or Board of Directors and take a formal vote on closing the business. This vote needs to be officially recorded.
File document / complaint
Pay any outstanding taxes and check the “final return” box when you file your corporate tax return. This lets the IRS know that you will not be filing future returns because your business is closing. If your business is an LLC taxed as a partnership, you also need to report shareholder allocations (and losses) for partners on Schedule K-1.
If you applied for any business permits or licenses, contact each government office or agency where you applied and let them know your business is no longer operating.
Review and Update
Articles of dissolution are required by the state agency responsible for business filings in your state. We prepare your articles of dissolution based on your specific state requirements.
Review and Sign
To close your business, we file the articles of dissolution with your state business filing agency. This document lets your state know that you are no longer operating as a company.
If applicable, you may also need to pay creditors, close your business bank account(s), and distribute any outstanding funds to the business owners.
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