What is Business Dissolution?

BUSINESS SERVICES

What is Business Dissolution?

When a Corporation or LLC is initially formed it has to register with the state agency responsible for administering business records in that state. This is usually the Secretary of State but may be the Department of Treasury or some other state agency.

If a Corporation or LLC wants to end its Business after it has registered with the Secretary of State it has to officially notify the Secretary of State of its intentions. Most states call the process of ending a Business Dissolution. Some states refer to the Business closing process as Business Cancellation or Business Termination.

Most states require the filing of some form of Articles of Dissolution in order to legally close a Business. There is usually a small fee for the filing of Articles of Dissolution. Some states do not charge a fee for filing Articles of Dissolution.

Dissolution is part of the Winding Up process that is required in order to legally close a Business.

The Winding Up process includes all actions required to make the Dissolution of a Company legal. This includes sales of all assets, paying all remaining taxes and debts, terminating contracts and issuing final pay checks.

The requirements for Business Dissolution vary from state to state.

We have helped hundreds of Business through the Business Dissolution process
We know what's required for each state and how to get the Business Dissolution process done as quickly as possible.

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on our Business Dissolution services.


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

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