How to Dissolve a Corporation in Ohio (How to legally Close an Ohio Business)
OHIO BUSINESS SERVICES CORPORATION Incorporate in Ohio Ohio Professional Corporation Ohio Nonprofit Corporation OH Corporation Foreign Qualification Ohio Corporation Annual Report Ohio Corporation Dissolution LLC Form a LLC in Ohio OH LLC Foreign Qualification Ohio LLC Annual Report Ohio LLC Dissolution OTHER OHIO BUSINESS SERVICES Ohio Good Standing Certificate Ohio Apostille Ohio DBA Name Ohio Registered Agent OH Corporation Kit and Seal Ohio Certified Copies OH Business Reinstatement OH Company Name Reservation OH Tax Status Compliance Certificate OH Attorney Good Standing Certificate OH Walk-In Filing Service Ohio Property Deed OH Employer Requirements QUICK ENTRY FORMS Ohio Incorporation Ohio LLC OH Professional Corporation OH Nonprofit Corporation OH Foreign Corporation OH Foreign LLC OH LLC Dissolution OH 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 Ohio Corporation Dissolution? An Ohio Corporation is created when the OH Secretary of State approves the Articles of Incorporation. A record of the Ohio Corporation is added to the list of Corporations which have officially registered with the Ohio Secretary of State.  Once a Corporation is registered with the Ohio 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... An Ohio Corporation is created when the OH Secretary of State approves the Articles of Incorporation. A record of the Ohio Corporation is added to the list of Corporations which have officially registered with the Ohio Secretary of State.  Once a Corporation is registered with the Ohio 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 an Ohio Corporation with the Ohio Secretary of State and want to cease business activities you have to let the OH Secretary of State know that you intend to close your company.  Only after the OH Secretary of State has made sure that all of the obligations of the Ohio Corporation have been fulfilled will the Secretary of State approve of the closure of the company. When the Ohio Secretary of State approves the closing of an OH Corporation, that Ohio Corporation is said to be Dissolved.   The process of Dissolving an Ohio Corporation is called Ohio Corporation Dissolution. An Ohio Corporation is required to obtain a Certificate of Tax Clearance from the Department of Taxation prior to submitting a Certificate of Dissolution with the Ohio Secretary of State. All outstanding tax liabilities or filings of the Ohio Corporation need to be filed and/or paid before a Certificate of Tax Clearance will be issued by the Ohio Department of Taxation. Why do I need to Dissolve an Ohio Corporation? As soon as an Ohio Corporation is registered with the OH Secretary of State, that Corporation is responsible for recurring obligations of the Ohio Secretary of State and the Ohio Department of Revenue.  If the Ohio Corporation does not file reports or pay taxes then that OH Corporation could be responsible for penalties which go up as time goes by. Unless you Dissolve your Ohio Corporation with the Ohio Secretary of State that OH Corporation will be responsible for all recurring fees and penalties. What do I have to do to Dissolve an Ohio Corporation? Ohio Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Ohio 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 Ohio Secretary of State; and things that you have to do after the OH Secretary of State has approved Dissolution of the Ohio Corporation.  What you have to do both before and after the Ohio 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 Ohio Corporation has.  If the Ohio Corporation has not commenced business then the OH Corporation Dissolution process is easier. What do I have to do before I Dissolve an Ohio Corporation? Things you need to do before you Dissolve an Ohio Corporation.   1. Hold a Directors meeting and record a resolution to Dissolve the Ohio Corporation   2. Hold a Shareholder meeting to approve Dissolution of the Ohio Corporation   3. File all required tax returns with the Ohio Department of Revenue   4. Clear up any business debt   5. Pay all taxes and administrative fees owed by the Ohio Corporation more... less... 1. Hold a Board of Directors meeting and record a resolution to Dissolve the Ohio Corporation If a Board of Directors has been appointed for the Ohio Corporation then the Board is required to adopt a resolution to Dissolve the OH 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 Ohio Corporation. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Ohio Secretary of State. 2. Hold a Shareholder meeting to approve Dissolution of the Ohio Corporation If an Ohio 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 Ohio Corporation Dissolution process is easier. If necessary, we can transcribe and compile minutes into a form that is legally recognized by the Ohio Secretary of State. 3. File all required tax returns with the Ohio Department of Revenue The Ohio Secretary of State will not approve the Dissolution of any OH Corporation until that Corporation has fulfilled all its tax obligations with the Ohio Department of Revenue. 4. Clear up any business debts All creditors of an Ohio 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 Ohio Secretary of State does not legally require the publication of a Notice of Dissolution of an Ohio Corporation, publication is a good way to notify anyone who might have a claim against the Ohio Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the OH Corporation after the Ohio Corporation has been dissolved. 5. Pay all taxes and administrative fees owed by the Ohio Corporation The Ohio Secretary of State will definitely not approve the Dissolution of an Ohio Corporation until all outstanding taxes and applicable registration and administrative fees have been paid. less... What do I have to do after I Dissolve an Ohio Corporation? Things you have to do after you Incorporate in Ohio.   1. Distribute all remaining assets of the Ohio Corporation   2. Close all business bank accounts of the Ohio Corporation   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the OH Corporation's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Ohio Corporation If the Ohio Corporation has any remaining assets, these may be divided according to the Shareholders' ownership interests in the OH Corporation. All distributions to Corporate Shareholders must be reported to the IRS. 2. Close all business bank accounts of the Ohio Corporation If there are any business accounts that have been opened for the Ohio Corporation then those accounts must be closed. If Corporate business accounts are left open there may be liability and obligations of the Dissolved Ohio Corporation which could lead to legal problems. 3. Cancel all local business licenses and permits of the OH Corporation If the Ohio 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 Ohio Corporation. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 All Dissolved Ohio 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 Ohio 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 OH Corporation's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Ohio Corporation.  Once the IRS links an EIN to a Ohio Corporation, that EIN stays with the Ohio Corporation even after the Company has been Dissolved by the Ohio Secretary of State. When the IRS processes the final tax return for the Ohio 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 Ohio Corporation down the line the IRS will reactivate the old EIN for your new Business. Before an Ohio Corporation can close an EIN account, it must be in Good Standing with the IRS.  The Ohio Corporation must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Ohio 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 an Ohio Corporation? The time it takes to Dissolve an Ohio 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 Ohio Secretary of State usually takes around 3-5 business days to process the Certificate of Dissolution.    more... less... The time it takes to Dissolve an Ohio 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. The Ohio Secretary of State requires a Tax Clearance Certificate from the OH Department of Revenue before it will aprove the Dissolution of an Ohio Corporation. The time it takes the OH Department of Revenue to process a request for a Tax Clearance Certificate depends on the tax status of the Ohio Corporation. In some cases it could take 5-6 weeks to get a Tax Clearance Certificate from the Ohio Department of Revenue. Once the initial actions are completed, the Ohio Secretary of State usually takes around 3-5 business days to process the Certificate of Dissolution. Processing times for Ohio Corporation Dissolution filings vary depending on the work load of the Secretary of State's staff.  We've found that normal processing of Ohio Dissolution filings takes the state around 3-5 business days. PLEASE NOTE: WE CANNOT GUARANTEE OHIO SECRETARY OF STATE OR OHIO DEPARTMENT OF REVENUE PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Ohio Secretary of State or Ohio Department of Revenue. In our experience 3-5 business days is the time it usually takes the Ohio Secretary of State to process an Ohio Dissolution filing. We get your Ohio Corporation Dissolution filing to the OH Secretary of State ASAP. Once it is at the state we have no control over the Ohio Dissolution approval process. How much does it cost to Dissolve a Corporation in Ohio? The total cost to Dissolve an Ohio Corporation varies depending on exactly what is required for each specific OH Dissolution. We charge $249.00 plus any state fees for our Ohio 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 Certificate of Dissolution with the Ohio 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 OH Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Ohio 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 OH Domestic Corporation? If there are Foreign Corporations in states other than Ohio that are tied to the Domestic Ohio Corporation then each of those Foreign Corporations must be Dissolved before the Ohio Corporation is legally Dissolved. How long before someone can use my Corporation name in Ohio after I Dissolve? The company name of an Ohio Corporation which has been Dissolved is not available for use in Ohio by another Corporation or LLC until one year from the date on which the Ohio Corporation was Dissolved by the Ohio Secretary of State. Do I have to publish a Notice of Dissolution of the Ohio Corporation? There are no state of Ohio requirements for the publication of a Notice of Dissolution of an Ohio Corporation. While the Ohio Secretary of State does not legally require the publication of a Notice of Dissolution of an Ohio Corporation, publication is a good way to notify anyone who might have a claim against the Ohio Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the OH Corporation after the Ohio Corporation has been dissolved.	OHIO CORPORATION DISSOLUTION SERVICES For $249.00 our Ohio Corporation Dissolution Services include: Same day processing explain We will start processing your application for an Ohio Corporation Dissolution on the same day that you submit your order.  We get your OH Corporation Dissolution filing to the Ohio Secretary of State as fast as possible.  Once they get the application, the OH Secretary of State usually takes 3-5 business days to process an Ohio 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 Certificate of Dissolution with the Ohio 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 Ohio Corporation Certified copy of Dissolution filing from OH Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE OHIO DISSOLUTION SERVICES If you don't need our complete Ohio 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 Ohio Corporation then the Board is required to adopt a resolution to Dissolve the OH 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 Ohio. We will also compile a formal resolution to Dissolve the Ohio Corporation for your records. Transcribe Shareholder meeting minutes - $75.00   explain If an Ohio 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 Ohio. Prepare and file Certificate of Dissolution - $75.00   explain As soon as the preliminary Ohio Corporation Dissolution actions are completed we will prepare and file the Certificate of Dissolution with the Ohio Secretary of State in the quickest way possible Prepare IRS Form 966 - $65.00   explain All Dissolved Ohio 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 Ohio 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 Ohio Corporation.  Once the IRS links an EIN to an Ohio Corporation, that EIN stays with the Ohio Corporation even after the Company has been Dissolved by the Ohio Secretary of State. When the IRS processes the final tax return for the Ohio 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 Ohio Corporation's EIN account closed as quickly as possible. Processing fees $249.00 Ohio Dissolution fees $155.00 Optional services $0.00 Total cost $404.00 OUR ADVANTAGE We start processing your Ohio Corporation Dissolution order as soon as it arrives. We get your documents to the Ohio Secretary of State in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Ohio Dissolution services we will refund 100% of your processing fees. We've been helping Corporations legally Dissolve in Ohio for over ten years.  Our A+ BBB rating speaks for itself! 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