How to Dissolve a Corporation in Louisiana (How to legally Close a Louisiana Business)
LOUISIANA BUSINESS SERVICES CORPORATION Incorporate in Louisiana Louisiana Professional Corporation Louisiana Nonprofit Corporation LA Corporation Foreign Qualification Louisiana Corporation Annual Report Louisiana Corporation Dissolution LLC Form a LLC in Louisiana LA LLC Foreign Qualification Louisiana LLC Annual Report Louisiana LLC Dissolution OTHER LOUISIANA BUSINESS SERVICES Louisiana Good Standing Certificate Louisiana Apostille Louisiana DBA Name Louisiana Registered Agent LA Corporation Kit and Seal Louisiana Certified Copies LA Business Reinstatement LA Company Name Reservation LA Tax Status Compliance Certificate LA Attorney Good Standing Certificate Louisiana Property Deed LA Employer Requirements QUICK ENTRY FORMS Louisiana Incorporation Louisiana LLC LA Professional Corporation LA Nonprofit Corporation LA Foreign Corporation LA Foreign LLC LA LLC Dissolution LA 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 Louisiana Corporation Dissolution? A Louisiana Corporation is created when the LA Secretary of State approves the Articles of Incorporation. A record of the Louisiana Corporation is added to the list of Corporations which have officially registered with the Louisiana Secretary of State.  Once a Corporation is registered with the Louisiana 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... less... A Louisiana Corporation is created when the LA Secretary of State approves the Articles of Incorporation. A record of the Louisiana Corporation is added to the list of Corporations which have officially registered with the Louisiana Secretary of State.  Once a Corporation is registered with the Louisiana 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.   If you've registered a Louisiana Corporation with the Louisiana Secretary of State and want to cease business activities you have to let the LA Secretary of State know that you intend to close your company.  Only after the LA Secretary of State has made sure that all of the obligations of the Louisiana Corporation have been fulfilled will the Secretary of State approve of the closure of the company. When the Louisiana Secretary of State approves the closing of a LA Corporation, that Louisiana Corporation is said to be Dissolved.   The process of Dissolving a Louisiana Corporation is called Louisiana Corporation Dissolution. In order to Dissolve a Louisiana Corporation you must file an Affidavit to Dissolve Corporation with the Louisiana Secretary of State. The Affidavit to Dissolve Corporation must be signed by a representative of the Louisiana Corporation in the presence of a registered notary public. A Louisiana Corporation is required to file its Certificate of Dissolution with the Clerk of the Court where the LA Corporation maintains its corporate Registered Office. Why do I need to Dissolve a Louisiana Corporation? As soon as a Louisiana Corporation is registered with the LA Secretary of State, that Corporation is responsible for recurring obligations of the Louisiana Secretary of State and the Louisiana Department of Revenue.  If the Louisiana Corporation does not file reports or pay taxes then that LA Corporation could be responsible for penalties which go up as time goes by. Unless you Dissolve your Louisiana Corporation with the Louisiana Secretary of State that LA Corporation will be responsible for all recurring fees and penalties. What do I have to do to Dissolve a Louisiana Corporation? Louisiana Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Louisiana 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 Louisiana Secretary of State; and things that you have to do after the LA Secretary of State has approved Dissolution of the Louisiana Corporation.  What you have to do both before and after the Louisiana 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 Louisiana Corporation has.  If the Louisiana Corporation has not commenced business then the LA Corporation Dissolution process is easier. What do I have to do before I Dissolve a Louisiana Corporation? Things you need to do before you Dissolve a Louisiana Corporation.   1. Hold a Directors meeting and record a resolution to Dissolve the Louisiana Corporation   2. Hold a Shareholder meeting to approve Dissolution of the Louisiana Corporation   3. File all required Annual Reports with the Louisiana Secretary of State   4. Clear up any business debt   5. Pay all taxes and administrative fees owed by the Louisiana Corporation more... less... 1. Hold a Board of Directors meeting and record a resolution to Dissolve the Louisiana Corporation If a Board of Directors has been appointed for the Louisiana Corporation then the Board is required to adopt a resolution to Dissolve the LA 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 Louisiana Corporation. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Louisiana Secretary of State. 2. Hold a Shareholder meeting to approve Dissolution of the Louisiana Corporation If a Louisiana 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 Louisiana Corporation Dissolution process is easier. If necessary, we can transcribe and compile minutes into a form that is legally recognized by the Louisiana Secretary of State. 3. File all required Annual Reports with the Louisiana Secretary of State The Louisiana Secretary of State will not approve the Dissolution of a LA Corporation until all required reports have been filed. We can file any required Annual Report with the LA Secretary of State. 4. Clear up any business debts All creditors of a Louisiana 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 Louisiana Secretary of State does not legally require the publication of a Notice of Dissolution of a Louisiana Corporation, publication is a good way to notify anyone who might have a claim against the Louisiana Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the LA Corporation after the Louisiana Corporation has been dissolved. 5. Pay all taxes and administrative fees owed by the Louisiana Corporation The Louisiana Secretary of State will definitely not approve the Dissolution of a Louisiana 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 Louisiana Corporation? Things you have to do after you Incorporate in Louisiana.   1. Distribute all remaining assets of the Louisiana Corporation   2. Close all business bank accounts of the Louisiana Corporation   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the LA Corporation's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Louisiana Corporation If the Louisiana Corporation has any remaining assets, these may be divided according to the Shareholders' ownership interests in the LA Corporation. All distributions to Corporate Shareholders must be reported to the IRS. 2. Close all business bank accounts of the Louisiana Corporation If there are any business accounts that have been opened for the Louisiana Corporation then those accounts must be closed. If Corporate business accounts are left open there may be liability and obligations of the Dissolved Louisiana Corporation which could lead to legal problems. 3. Cancel all local business licenses and permits of the LA Corporation If the Louisiana 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 Louisiana Corporation. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 All Dissolved Louisiana 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 Louisiana 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 LA Corporation's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Louisiana Corporation.  Once the IRS links an EIN to a Louisiana Corporation, that EIN stays with the Louisiana Corporation even after the Company has been Dissolved by the Louisiana Secretary of State. When the IRS processes the final tax return for the Louisiana 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 Louisiana Corporation down the line the IRS will reactivate the old EIN for your new Business. Before a Louisiana Corporation can close an EIN account, it must be in Good Standing with the IRS.  The Louisiana Corporation must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Louisiana 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 Louisiana Corporation? The time it takes to Dissolve a Louisiana 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 Louisiana Secretary of State usually takes around 1-2 business weeks to process the Affidavit to Dissolve Corporation.    more... less... The time it takes to Dissolve a Louisiana 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 Louisiana Secretary of State usually takes around 1-2 business weeks to process the Affidavit to Dissolve Corporation. Processing times for Louisiana Corporation Dissolution filings vary depending on the work load of the Secretary of State's staff.  We've found that normal processing of Louisiana Dissolution filings takes the state around 1-2 business weeks. PLEASE NOTE: WE CANNOT GUARANTEE LOUISIANA SECRETARY OF STATE PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Louisiana Secretary of State . In our experience 1-2 business weeks is the time it usually takes the Louisiana Secretary of State to process a Louisiana Dissolution filing. We get your Louisiana Corporation Dissolution filing to the LA Secretary of State ASAP. Once it is at the state we have no control over the Louisiana Dissolution approval process. How much does it cost to Dissolve a Corporation in Louisiana? The total cost to Dissolve a Louisiana Corporation varies depending on exactly what is required for each specific LA Dissolution. We charge $249.00 plus any state fees for our Louisiana 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 Affidavit to Dissolve Corporation with the Louisiana 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 LA Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Louisiana 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 LA Domestic Corporation? If there are Foreign Corporations in states other than Louisiana that are tied to the Domestic Louisiana Corporation then each of those Foreign Corporations must be Dissolved before the Louisiana Corporation is legally Dissolved. How long before someone can use my Corporation name in Louisiana after I Dissolve? A Louisiana Corporation company name becomes available for anyone to use when the Louisiana Corporation is Dissolved by the Louisiana Secretary of State. There are no Corporation company name protections in Louisiana once a Louisiana Corporation has been Dissolved by the Louisiana Secretary of State. Do I have to publish a Notice of Dissolution of the Louisiana Corporation? There are no state of Louisiana requirements for the publication of a Notice of Dissolution of a Louisiana Corporation. While the Louisiana Secretary of State does not legally require the publication of a Notice of Dissolution of a Louisiana Corporation, publication is a good way to notify anyone who might have a claim against the Louisiana Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the LA Corporation after the Louisiana Corporation has been dissolved.	LOUISIANA CORPORATION DISSOLUTION SERVICES For $249.00 our Louisiana Corporation Dissolution Services include: Same day processing explain We will start processing your application for a Louisiana Corporation Dissolution on the same day that you submit your order.  We get your LA Corporation Dissolution filing to the Louisiana Secretary of State as fast as possible.  Once they get the application, the LA Secretary of State usually takes 1-2 business weeks to process a Louisiana 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 Affidavit to Dissolve Corporation with the Louisiana 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 Louisiana Corporation Certified copy of Dissolution filing from LA Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE LOUISIANA DISSOLUTION SERVICES If you don't need our complete Louisiana 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 Louisiana Corporation then the Board is required to adopt a resolution to Dissolve the LA 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 Louisiana. We will also compile a formal resolution to Dissolve the Louisiana Corporation for your records. Transcribe Shareholder meeting minutes - $75.00   explain If a Louisiana 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 Louisiana. Prepare and file Affidavit to Dissolve Corporation - $75.00   explain As soon as the preliminary Louisiana Corporation Dissolution actions are completed we will prepare and file the Affidavit to Dissolve Corporation with the Louisiana Secretary of State in the quickest way possible Prepare IRS Form 966 - $65.00   explain All Dissolved Louisiana 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 Louisiana 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 Louisiana Corporation.  Once the IRS links an EIN to a Louisiana Corporation, that EIN stays with the Louisiana Corporation even after the Company has been Dissolved by the Louisiana Secretary of State. When the IRS processes the final tax return for the Louisiana 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 Louisiana Corporation's EIN account closed as quickly as possible. Processing fees $249.00 Louisiana Dissolution fees $125.00 Optional services $0.00 Total cost $374.00 OUR ADVANTAGE We start processing your Louisiana Corporation Dissolution order as soon as it arrives. We get your documents to the Louisiana Secretary of State in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Louisiana Dissolution services we will refund 100% of your processing fees. We've been helping Corporations legally Dissolve in Louisiana for over ten years.  Our A+ BBB rating speaks for itself! 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