How to Dissolve a LLC 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 LLC Dissolution? A Hawaii LLC is created when the HI Department of Commerce and Consumer Affairs approves the Articles of Organization. A record of the Hawaii LLC is added to the list of LLCs which have officially registered with the Hawaii Department of Commerce and Consumer Affairs.  Once a LLC is registered with the Hawaii Department of Commerce and Consumer Affairs, that LLC immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   more... less... A Hawaii LLC is created when the HI Department of Commerce and Consumer Affairs approves the Articles of Organization. A record of the Hawaii LLC is added to the list of LLCs which have officially registered with the Hawaii Department of Commerce and Consumer Affairs.  Once a LLC is registered with the Hawaii Department of Commerce and Consumer Affairs, that LLC 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 LLC 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 LLC 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 LLC, that Hawaii LLC is said to be Dissolved.   The process of Dissolving a Hawaii LLC is called Hawaii LLC Dissolution. Why do I need to Dissolve a Hawaii LLC? As soon as a Hawaii LLC is registered with the HI Department of Commerce and Consumer Affairs, that LLC is responsible for recurring obligations of the Hawaii Department of Commerce and Consumer Affairs and the Hawaii Department of Taxation.  If the Hawaii LLC does not file reports or pay taxes then that HI Limited Liability Company could be responsible for penalties which go up as time goes by. Unless you Dissolve your Hawaii LLC with the Hawaii Department of Commerce and Consumer Affairs that HI Limited Liability Company will be responsible for all recurring fees and penalties. What do I have to do to Dissolve a Hawaii LLC? Hawaii LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Hawaii LLC 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 LLC 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 LLC.  What you have to do both before and after the Hawaii LLC is Dissolved largely depends on if the Hawaii LLC has commenced business and how many assets, debts and liabilities, if any, that the HI Limited Liabilty Company has.  If the Hawaii LLC has not commenced business then the HI Limited Liability Company Dissolution process is easier. What do I have to do before I Dissolve a Hawaii LLC? Things you need to do before you Dissolve a Hawaii LLC.   1. Hold a Members meeting and record a resolution to Dissolve the Hawaii LLC   2. File all required Annual Reports with the Hawaii Department of Commerce and Consumer Affairs   3. Clear up any business debt   4. Pay all taxes and administrative fees owed by the Hawaii LLC more... less... 1. Hold a Members meeting and record a resolution to Dissolve the Hawaii LLC If the Hawaii LLC has any Members then a meeting should be held and a vote to Dissolve the Hawaii Limited Liability Company taken. Minutes of the meeting should be recorded and retained in the business records. If the Hawaii LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the Hawaii LLC. 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. 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 LLC until all required reports have been filed. We can file any required Annual Report with the HI Department of Commerce and Consumer Affairs. 3. Clear up any business debts All creditors of a Hawaii LLC should be given notice of the pending LLC 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. 4. Pay all taxes and administrative fees owed by the Hawaii LLC The Hawaii Department of Commerce and Consumer Affairs will definitely not approve the Dissolution of a Hawaii LLC 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 LLC? Things you have to do after you Incorporate in Hawaii.   1. Distribute all remaining assets of the Hawaii LLC   2. Close all business bank accounts of the Hawaii LLC   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the HI LLC's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Hawaii LLC If the Hawaii LLC has any remaining assets, these may be divided according to the Members' ownership interests in the HI Limited Liability Company.  All distributions to LLC Members must be reported to the IRS. 2. Close all business bank accounts of the Hawaii LLC If there are any business accounts that have been opened for the Hawaii LLC then those accounts must be closed. If Company Business accounts are left open there may be liability and obligations of the Dissolved Hawaii LLC which could lead to legal problems down the line. 3. Cancel all local business licenses and permits of the HI LLC If the Hawaii LLC 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 LLC. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 Most Dissolved Hawaii LLCs must file IRS Form 966 with the US Internal Revenue Service. If a Hawaii LLC is required to file IRS Form 966, the 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 LLC 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 LLC's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Hawaii LLC.  Once the IRS links an EIN to a Hawaii LLC, that EIN stays with the Hawaii LLC 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 LLC, 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 LLC down the line then the IRS will reactivate the old EIN for your new Business. Before a Hawaii LLC can close an EIN account, it must be in Good Standing with the IRS.  The Hawaii LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Hawaii LLC 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 LLC? The time it takes to Dissolve a Hawaii LLC 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 Termination.    more... less... The time it takes to Dissolve a Hawaii LLC 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 Termination. Processing times for Hawaii LLC 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 LLC 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 LLC in Hawaii? The total cost to Dissolve a Hawaii LLC varies depending on exactly what is required for each specific HI Dissolution. We charge $224.00 plus any state fees for our Hawaii LLC Dissolution services. This includes: Same day processing Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Articles of Termination 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 LLC 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 LLC that is tied to a HI Domestic LLC? If there are Foreign LLCs in states other than Hawaii that are tied to the Domestic Hawaii LLC then each of those Foreign LLCs must be Dissolved before the Hawaii LLC is legally Dissolved. How long before someone can use my LLC name in Hawaii after I Dissolve? A Hawaii LLC company name becomes available for anyone to use when the Hawaii Limited Liability Company is Dissolved by the Hawaii Department of Commerce and Consumer Affairs There are no LLC company name protections in Hawaii once a Hawaii LLC has been Dissolved by the Hawaii Department of Commerce and Consumer Affairs. Do I have to publish a Notice of Dissolution of the Hawaii LLC? There are no state of Hawaii requirements for the publication of a Notice of Dissolution of a Hawaii LLC. While the Hawaii Department of Commerce and Consumer Affairs does not legally require the publication of a Notice of Dissolution of a Hawaii LLC, publication is a good way to notify anyone who might have a claim against the Hawaii LLC.  Evidence of publication might prove useful down the line if someone makes a claim against the HI Limited Liability Company after the Hawaii LLC has been dissolved.	HAWAII LLC DISSOLUTION SERVICES For $224.00 our Hawaii LLC Dissolution Services include: Same day processing explain We will start processing your Hawaii LLC Dissoltion filing on the same day that you submit your order.  We get your HI LLC 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 LLC Dissolution filing. Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Articles of Termination 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 LLC Certified copy of LLC 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 LLC Dissolution package we offer our Dissolution services separately check the box next to any option, price will be calculated automatically Transcribe Member meeting minutes - $75.00   explain After the decision is made to Dissolve a Hawaii LLC, a meeting of all Members of the HI LLC must be held to approve the LLC Dissolution. A majority of LLC Members must approve the Hawaii LLC Dissolution plan. The approval actions should be documented and kept in the business records. We will transcribe the minutes of the Member meeting into a format that is legally acceptable in the state of Hawaii. We will also compile a formal resolution to Dissolve the Hawaii LLC for your records. Prepare and file Articles of Termination - $75.00   explain As soon as the preliminary Hawaii LLC Dissolution actions are completed we will prepare and file the Articles of Termination with the Hawaii Department of Commerce and Consumer Affairs in the quickest way possible Prepare IRS Form 966 - $65.00   explain Most, but not all, Dissolved Hawaii LLCs must file IRS Form 966 with the US Internal Revenue Service. If you are not sure about your specific IRS Form 966 filing requirements you should contact an accountant. If a Hawaii LLC is required to file IRS Form 966, the 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 LLC 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 LLC.  Once an EIN is linked to a Hawaii LLC by the IRS, that EIN stays with the Hawaii LLC 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 LLC, 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 LLC's EIN account closed as quickly as possible. Processing fees $224.00 Hawaii Dissolution fees $35.00 Optional services $0.00 Total cost $259.00 OUR ADVANTAGE We start processing your Hawaii LLC 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 LLCs legally Dissolve in Hawaii for over ten years.  Our A+ BBB rating speaks for itself! 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