Dissolve a Corporation in Illinois
How to Dissolve a Corporation in Illinois
(How to legally Close an Illinois Business)
Close a Illinois Business
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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 Illinois Corporation Dissolution?

An Illinois Corporation is created when the IL Secretary of State approves the Articles of Incorporation. A record of the Illinois Corporation is added to the list of Corporations which have officially registered with the Illinois Secretary of State.  Once a Corporation is registered with the Illinois Secretary of State, that Corporation immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   more...

Why do I need to Dissolve an Illinois Corporation?

As soon as an Illinois Corporation is registered with the IL Secretary of State, that Corporation is responsible for recurring obligations of the Illinois Secretary of State and the Illinois Department of Revenue.  If the Illinois Corporation does not file reports or pay taxes then that IL Corporation could be responsible for penalties which go up as time goes by.

Unless you Dissolve your Illinois Corporation with the Illinois Secretary of State that IL Corporation will be responsible for all recurring fees and penalties.

What do I have to do to Dissolve an Illinois Corporation?

Illinois Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process.   more...

What do I have to do before I Dissolve an Illinois Corporation?

Things you need to do before you Dissolve an Illinois Corporation.
  1. Hold a Directors meeting and record a resolution to Dissolve the Illinois Corporation
  2. Hold a Shareholder meeting to approve Dissolution of the Illinois Corporation
  3. File all required Annual Reports with the Illinois Secretary of State
  4. Clear up any business debt
  5. Pay all taxes and administrative fees owed by the Illinois Corporation
more...

What do I have to do after I Dissolve an Illinois Corporation?

Things you have to do after you Incorporate in Illinois.
  1. Distribute all remaining assets of the Illinois Corporation
  2. Close all business bank accounts of the Illinois Corporation
  3. Cancel all local business licenses and permits
  4. File Form 966 with the IRS
  5. Cancel the IRS account associated with the IL Corporation's Federal Tax ID (EIN)
more...

How long does it take to Dissolve an Illinois Corporation?

The time it takes to Dissolve an Illinois 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 Illinois Secretary of State usually takes around 7-10 business days to process the Articles of Dissolution.    more...

How much does it cost to Dissolve a Corporation in Illinois?

The total cost to Dissolve an Illinois Corporation varies depending on exactly what is required for each specific IL Dissolution. We charge $249.00 plus any state fees for our Illinois 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 Illinois 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 IL Secretary of State
  • Priority Mail Delivery of all documents
  • Unlimited Customer Support
We also offer these Illinois 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 an IL Domestic Corporation?

If there are Foreign Corporations in states other than Illinois that are tied to the Domestic Illinois Corporation then each of those Foreign Corporations must be Dissolved before the Illinois Corporation is legally Dissolved.

How long before someone can use my Corporation name in Illinois after I Dissolve?

An Illinois Corporation company name becomes available for anyone to use when the Illinois Corporation is Dissolved by the Illinois Secretary of State. There are no Corporation company name protections in Illinois once an Illinois Corporation has been Dissolved by the Illinois Secretary of State.

Do I have to publish a Notice of Dissolution of the Illinois Corporation?

There are no state of Illinois requirements for the publication of a Notice of Dissolution of an Illinois Corporation.

While the Illinois Secretary of State does not legally require the publication of a Notice of Dissolution of an Illinois Corporation, publication is a good way to notify anyone who might have a claim against the Illinois Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the IL Corporation after the Illinois Corporation has been dissolved.
ILLINOIS CORPORATION
DISSOLUTION SERVICES
For $249.00 our Illinois Corporation Dissolution Services include:
Same day processing explain
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 Illinois Secretary of State
Prepare US IRS Form 966 for you to sign and file
Prepare documents to cancel the Federal EIN account linked to the Illinois Corporation
Certified copy of Dissolution filing from IL Secretary of State
Priority Mail Delivery of all documents
Unlimited Customer Support
A LA CARTE ILLINOIS
DISSOLUTION SERVICES
If you don't need our complete Illinois 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
Transcribe Shareholder meeting minutes - $75.00   explain
Prepare and file Articles of Dissolution - $75.00   explain
Prepare IRS Form 966 - $65.00   explain
Prepare EIN cancellation documents - $65.00   explain
Processing fees $249.00
Illinois Dissolution fees $35.00
Optional services $0.00
Total cost $284.00
How to Close Illinois Corporation
Illinois Dissolution Accepted Credit Cards

OUR ADVANTAGE
  • We start processing your Illinois Corporation Dissolution order as soon as it arrives.
  • We get your documents to the Illinois Secretary of State in the quickest possible way. 
  • We guarantee our work.  If you're not satisfied with our Illinois Dissolution services we will refund 100% of your processing fees.
  • We've been helping Corporations legally Dissolve in Illinois for over ten years.  Our A+ BBB rating speaks for itself!

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