How to Dissolve a Corporation in Hawaii (How to legally Close a Hawaii Business)
HAWAII BUSINESS SERVICES CORPORATION Incorporate in Hawaii Hawaii Professional Corporation Hawaii Nonprofit Corporation HI Corporation Foreign Qualification Hawaii Corporation Annual Report Hawaii Corporation Dissolution LLC Form a LLC in Hawaii HI LLC Foreign Qualification Hawaii LLC Annual Report Hawaii LLC Dissolution OTHER HAWAII BUSINESS SERVICES Hawaii Good Standing Certificate Hawaii Apostille Hawaii DBA Name Hawaii Registered Agent HI Corporation Kit and Seal Hawaii Certified Copies HI Business Reinstatement HI Company Name Reservation HI Tax Status Compliance Certificate HI Attorney Good Standing Certificate Hawaii Property Deed HI Employer Requirements QUICK ENTRY FORMS Hawaii Incorporation Hawaii LLC HI Professional Corporation HI Nonprofit Corporation HI Foreign Corporation HI Foreign LLC HI LLC Dissolution HI Corporation Dissolution CORPORATE GLOSSARY   Administrative Dissolution Agent for Service of Process Apostille Apportionment Articles of Incorporation Articles of Organization Assumed Name At Will LLC Authorized Shares B Corporation Benefit Corporation Board of Directors Business Dissolution Business Entity Bylaws Certificate of Existence Certificate of Status Certified Copy Close Corporation Common Stock Conversion Corporate Bylaws Corporate Name Reservation Corporate Stock DBA Disregarded Entity Dividends ESOP Excise Tax Federal Tax ID Ficticious Name Foreign Qualification Franchise Tax General Partnership Good Standing Certificate Incorporator Involuntary Dissolution IRS Form 966 ITIN Limited Liability Company Limited Partnership Liquidation LLC LP Majority Shareholder Meetings Merger Nexus Non-Stock Corporation Nonprofit Corporation Obligated Member LLC Organizer Paid-in Capital Paid-in Surplus Par Value Personal Service Corporation Preferred Stock Privilege Tax Professional Corporation Professional Service Proxy Registered Agent Registered Office Reporting Requirements Revocation S Corporation Series LLC Service Mark Shareholder Sole Proprietor Stated Capital Statutory Agent Stock Certificate Term LLC Trade Name Trademark Trust Trustee Winding Up	What is Hawaii Corporation Dissolution? A Hawaii Corporation is created when the HI Department of Commerce and Consumer Affairs approves the Articles of Incorporation. A record of the Hawaii Corporation is added to the list of Corporations which have officially registered with the Hawaii Department of Commerce and Consumer Affairs.  Once a Corporation is registered with the Hawaii Department of Commerce and Consumer Affairs, that Corporation immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   more... less... A Hawaii Corporation is created when the HI Department of Commerce and Consumer Affairs approves the Articles of Incorporation. A record of the Hawaii Corporation is added to the list of Corporations which have officially registered with the Hawaii Department of Commerce and Consumer Affairs.  Once a Corporation is registered with the Hawaii Department of Commerce and Consumer Affairs, that Corporation immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   If you've registered a Hawaii Corporation with the Hawaii Department of Commerce and Consumer Affairs and want to cease business activities you have to let the HI Department of Commerce and Consumer Affairs know that you intend to close your company.  Only after the HI Secretary of State has made sure that all of the obligations of the Hawaii Corporation have been fulfilled will the Department of Commerce and Consumer Affairs approve of the closure of the company. When the Hawaii Department of Commerce and Consumer Affairs approves the closing of a HI Corporation, that Hawaii Corporation is said to be Dissolved.   The process of Dissolving a Hawaii Corporation is called Hawaii Corporation Dissolution. Why do I need to Dissolve a Hawaii Corporation? As soon as a Hawaii Corporation is registered with the HI Department of Commerce and Consumer Affairs, that Corporation is responsible for recurring obligations of the Hawaii Department of Commerce and Consumer Affairs and the Hawaii Department of Taxation.  If the Hawaii Corporation does not file reports or pay taxes then that HI Corporation could be responsible for penalties which go up as time goes by. Unless you Dissolve your Hawaii Corporation with the Hawaii Department of Commerce and Consumer Affairs that HI Corporation will be responsible for all recurring fees and penalties. What do I have to do to Dissolve a Hawaii Corporation? Hawaii Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Hawaii Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process. There are things you need to do before you can request approval of Corporation Dissolution from the Hawaii Department of Commerce and Consumer Affairs; and things that you have to do after the HI Department of Commerce and Consumer Affairs has approved Dissolution of the Hawaii Corporation.  What you have to do both before and after the Hawaii Corporation is Dissolved largely depends on how much stock, if any, has been issued and how much and what kind of debts and liabilities that the Hawaii Corporation has.  If the Hawaii Corporation has not commenced business then the HI Corporation Dissolution process is easier. What do I have to do before I Dissolve a Hawaii Corporation? Things you need to do before you Dissolve a Hawaii Corporation.   1. Hold a Directors meeting and record a resolution to Dissolve the Hawaii Corporation   2. Hold a Shareholder meeting to approve Dissolution of the Hawaii Corporation   3. File all required Annual Reports with the Hawaii Department of Commerce and Consumer Affairs   4. Clear up any business debt   5. Pay all taxes and administrative fees owed by the Hawaii Corporation more... less... 1. Hold a Board of Directors meeting and record a resolution to Dissolve the Hawaii Corporation If a Board of Directors has been appointed for the Hawaii Corporation then the Board is required to adopt a resolution to Dissolve the HI Corporation. Minutes of the meeting must be recorded and retained in the business records. If the Board of Direcrtors has not been appointed then the Incorporator(s) have to apply for Dissolution of the Hawaii Corporation. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Hawaii Department of Commerce and Consumer Affairs. 2. Hold a Shareholder meeting to approve Dissolution of the Hawaii Corporation If a Hawaii Corporation has issued shares of stock then a majority of Corporate Shareholders must approve the Dissolution plan. The approval actions should be documented and kept in the business records. If no shares have been issued then the Hawaii Corporation Dissolution process is easier. If necessary, we can transcribe and compile minutes into a form that is legally recognized by the Hawaii Department of Commerce and Consumer Affairs. 3. File all required Annual Reports with the Hawaii Department of Commerce and Consumer Affairs The Hawaii Department of Commerce and Consumer Affairs will not approve the Dissolution of a HI Corporation until all required reports have been filed. We can file any required Annual Report with the HI Department of Commerce and Consumer Affairs. 4. Clear up any business debts All creditors of a Hawaii Corporation should be given notice of the pending Corporation Dissolution. Each creditor should be given a mailing address to which they may submit claims as well as a deadline by which claims may be submitted. While the Hawaii Department of Commerce and Consumer Affairs does not legally require the publication of a Notice of Dissolution of a Hawaii Corporation, publication is a good way to notify anyone who might have a claim against the Hawaii Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the HI Corporation after the Hawaii Corporation has been dissolved. 5. Pay all taxes and administrative fees owed by the Hawaii Corporation The Hawaii Department of Commerce and Consumer Affairs will definitely not approve the Dissolution of a Hawaii Corporation until all outstanding taxes and applicable registration and administrative fees have been paid. less... What do I have to do after I Dissolve a Hawaii Corporation? Things you have to do after you Incorporate in Hawaii.   1. Distribute all remaining assets of the Hawaii Corporation   2. Close all business bank accounts of the Hawaii Corporation   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the HI Corporation's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Hawaii Corporation If the Hawaii Corporation has any remaining assets, these may be divided according to the Shareholders' ownership interests in the HI Corporation. All distributions to Corporate Shareholders must be reported to the IRS. 2. Close all business bank accounts of the Hawaii Corporation If there are any business accounts that have been opened for the Hawaii Corporation then those accounts must be closed. If Corporate business accounts are left open there may be liability and obligations of the Dissolved Hawaii Corporation which could lead to legal problems. 3. Cancel all local business licenses and permits of the HI Corporation If the Hawaii Corporation has obtained any state, regional, county or city business licenses or permits, each of those must be cancelled to avoid any reporting or fiscal obligations of the Hawaii Corporation. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 All Dissolved Hawaii Corporations must file IRS Form 966 with the US Internal Revenue Service. This filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Hawaii Corporation has been legally Dissolved so that it may take the appropriate actions. We can prepare IRS Form 966 for you to file. 5. Cancel the IRS account associated with the HI Corporation's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Hawaii Corporation.  Once the IRS links an EIN to a Hawaii Corporation, that EIN stays with the Hawaii Corporation even after the Company has been Dissolved by the Hawaii Department of Commerce and Consumer Affairs. When the IRS processes the final tax return for the Hawaii Corporation, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future. If you should decide to revivie the Hawaii Corporation down the line the IRS will reactivate the old EIN for your new Business. Before a Hawaii Corporation can close an EIN account, it must be in Good Standing with the IRS.  The Hawaii Corporation must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Hawaii Corporation cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe. We can prepare the formal documents which you can sign and submit to the IRS in order to close the account associated with your EIN. How long does it take to Dissolve a Hawaii Corporation? The time it takes to Dissolve a Hawaii Corporation varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Hawaii Department of Commerce and Consumer Affairs usually takes around 4-8 business days to process the Articles of Dissolution.    more... less... The time it takes to Dissolve a Hawaii Corporation varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Hawaii Department of Commerce and Consumer Affairs usually takes around 4-8 business days to process the Articles of Dissolution. Processing times for Hawaii Corporation Dissolution filings vary depending on the work load of the Department of Commerce and Consumer Affairs's staff.  We've found that normal processing of Hawaii Dissolution filings takes the state around 4-8 business days. PLEASE NOTE: WE CANNOT GUARANTEE HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Hawaii Department of Commerce and Consumer Affairs . In our experience 4-8 business days is the time it usually takes the Hawaii Department of Commerce and Consumer Affairs to process a Hawaii Dissolution filing. We get your Hawaii Corporation Dissolution filing to the HI Department of Commerce and Consumer Affairs ASAP. Once it is at the state we have no control over the Hawaii Dissolution approval process. How much does it cost to Dissolve a Corporation in Hawaii? The total cost to Dissolve a Hawaii Corporation varies depending on exactly what is required for each specific HI Dissolution. We charge $249.00 plus any state fees for our Hawaii Corporation Dissolution services. This includes: Same day processing Transcribe minutes of Board of Directors meeting which proposes Dissolution Transcribe minutes of Shareholders meeting at which Dissolution was approved Prepare and file Articles of Dissolution with the Hawaii Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel Federal EIN account Certified copy of Dissolution filing from HI Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Hawaii Corporation Dissolution services separately as explained on the right side of this web page. What do I have to do if I want to Dissolve a Foreign Corporation that is tied to a HI Domestic Corporation? If there are Foreign Corporations in states other than Hawaii that are tied to the Domestic Hawaii Corporation then each of those Foreign Corporations must be Dissolved before the Hawaii Corporation is legally Dissolved. How long before someone can use my Corporation name in Hawaii after I Dissolve? A Hawaii Corporation company name becomes available for anyone to use when the Hawaii Corporation is Dissolved by the Hawaii Department of Commerce and Consumer Affairs There are no Corporation company name protections in Hawaii once a Hawaii Corporation has been Dissolved by the Hawaii Department of Commerce and Consumer Affairs. Do I have to publish a Notice of Dissolution of the Hawaii Corporation? There are no state of Hawaii requirements for the publication of a Notice of Dissolution of a Hawaii Corporation. While the Hawaii Department of Commerce and Consumer Affairs does not legally require the publication of a Notice of Dissolution of a Hawaii Corporation, publication is a good way to notify anyone who might have a claim against the Hawaii Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the HI Corporation after the Hawaii Corporation has been dissolved.	HAWAII CORPORATION DISSOLUTION SERVICES For $249.00 our Hawaii Corporation Dissolution Services include: Same day processing explain We will start processing your application for a Hawaii Corporation Dissolution on the same day that you submit your order.  We get your HI Corporation Dissolution filing to the Hawaii Department of Commerce and Consumer Affairs as fast as possible.  Once they get the application, the HI Department of Commerce and Consumer Affairs usually takes 4-8 business days to process a Hawaii Corporation Dissolution filing. Transcribe minutes of Board of Directors meeting which proposes Dissolution Transcribe minutes of Shareholders meeting at which Dissolution was approved Prepare and file Articles of Dissolution with the Hawaii Department of Commerce and Consumer Affairs Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel the Federal EIN account linked to the Hawaii Corporation Certified copy of Dissolution filing from HI Department of Commerce and Consumer Affairs Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE HAWAII DISSOLUTION SERVICES If you don't need our complete Hawaii Corporation Dissolution package we offer our Dissolution services separately check the box next to any option, price will be calculated automatically Transcribe Board meeting minutes - $75.00   explain If a Board of Directors has been appointed for the Hawaii Corporation then the Board is required to adopt a resolution to Dissolve the HI Corporation. Minutes of the meeting must be recorded and retained in the business records. We will transcribe the minutes of the Board meeting into a format that is legally acceptable in the state of Hawaii. We will also compile a formal resolution to Dissolve the Hawaii Corporation for your records. Transcribe Shareholder meeting minutes - $75.00   explain If a Hawaii Corporation has issued shares of stock then a majority of Corporate Shareholders must approve the Dissolution plan. The approval actions should be documented and kept in the business records. We will transcribe the minutes of the Shareholder meeting into a format that is legally acceptable in the state of Hawaii. Prepare and file Articles of Dissolution - $75.00   explain As soon as the preliminary Hawaii Corporation Dissolution actions are completed we will prepare and file the Articles of Dissolution with the Hawaii Department of Commerce and Consumer Affairs in the quickest way possible Prepare IRS Form 966 - $65.00   explain All Dissolved Hawaii Corporations must file IRS Form 966 with the US Internal Revenue Service. This filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Hawaii Corporation has been legally Dissolved. We will prepare IRS Form 966 for you to file. Prepare EIN cancellation documents - $65.00   explain A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Hawaii Corporation.  Once the IRS links an EIN to a Hawaii Corporation, that EIN stays with the Hawaii Corporation even after the Company has been Dissolved by the Hawaii Department of Commerce and Consumer Affairs. When the IRS processes the final tax return for the Hawaii Corporation, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed by the IRS.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account - or with the IRS - in the future. We will prepare formal documents to get your Hawaii Corporation's EIN account closed as quickly as possible. Processing fees $249.00 Hawaii Dissolution fees $35.00 Optional services $0.00 Total cost $284.00 OUR ADVANTAGE We start processing your Hawaii Corporation Dissolution order as soon as it arrives. We get your documents to the Hawaii Department of Commerce and Consumer Affairs in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Hawaii Dissolution services we will refund 100% of your processing fees. We've been helping Corporations legally Dissolve in Hawaii for over ten years.  Our A+ BBB rating speaks for itself! INCORPORATE OR FORM A LLC IN ANY STATE CORPORATION LLC Alabama Alabama Alaska Alaska Arizona Arizona Arkansas Arkansas California California Colorado Colorado Connecticut Connecticut Delaware Delaware District of Columbia District of Columbia Florida Florida Georgia Georgia Hawaii Hawaii Idaho Idaho Illinois Illinois Indiana Indiana Iowa Iowa Kansas Kansas Kentucky Kentucky Louisiana Louisiana Maine Maine Maryland Maryland Massachusetts Massachusetts Michigan Michigan Minnesota Minnesota Mississippi Mississippi Missouri Missouri Montana Montana Nebraska Nebraska Nevada Nevada New Hampshire New Hampshire New Jersey New Jersey New Mexico New Mexico New York New York North Carolina North Carolina North Dakota North Dakota Ohio Ohio Oklahoma Oklahoma Oregon Oregon Pennsylvania Pennsylvania Rhode Island Rhode Island South Carolina South Carolina South Dakota South Dakota Tennessee Tennessee Texas Texas Utah Utah Vermont Vermont Virginia Virginia Washington Washington West Virginia West Virginia Wisconsin Wisconsin Wyoming Wyoming GET A GOOD STANDING CERTIFICATE IN ANY STATE Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
All Business Documents, Inc. is not a lawyer or an accountant and provides only document filing and retrieval services under your supervision. All content and design copyright © 2003- All Business Documents, Inc. All Rights Reserved. Privacy Policy Site Map Contact us