Filing Articles of Dissolution

Navigate the dissolution process smoothly and ensure compliance by filing with Bizee.

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What is Dissolution?

When a corporation or LLC dissolves, it legally ends its existence. This might happen because the business is no longer profitable, you're ready for a new chapter, or shareholders want to divide assets. Whatever the reason, it's important to follow the right steps to avoid ongoing tax and legal responsibilities.

Avoid Unnecessary Fees and Taxes by Filing Dissolution

In order to properly close a corporation or LLC that is no longer transacting business, the company must file Articles of Dissolution with the state of incorporation. Neglecting to file Articles of Dissolution for a company that is no longer active may expose the corporation or LLC to unnecessary recurring fees or taxes.

Steps to Dissolving Your LLC or Corporation

There are three key steps to dissolving a company. Bizee completes these steps in a timely manner on your behalf, making an otherwise cumbersome process simple and stress-free.

Hold a meeting with the Board of Directors

An additional step often recommended at this point is the closing of all credit lines and accounts that pertain to your business. Letting your creditors know that you have dissolved a company will set you up for more favorable circumstances should debt still be present. Finally, if you have any fictitious names in other states, you'll want to cancel those as well.

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Requirements to file Articles of Dissolution:

The company must be in good standing with the state of incorporation and cannot be in arrears of franchise taxes or annual reporting requirements. In the event that the entity is not in good standing reinstatement would be required in order to proceed with the dissolution.

Common questions on filing Dissolution

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