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Want to shut down your business in any state? You need to withdraw filing and tax obligations in a state where you want to shut down the business. CPA CLINICS can help you with this.
Provide details on call or via email and we assure that your paperwork is prepared and filed correctly.
Just pay the state fees and CPA CLINICS’ nominal services charges and have it submitted on time.
You might have to close your business in a state for several reasons. Closing a business and dealing with the state departments is quite daunting. Choosing us will help you eliminate your stress.
With CPA CLINICS you will notice that our professional staff is capable of handling any size and type of business easily.
Experienced Staff
CPA CLINICS knows exactly what needs to be filed to end tax obligations you may have in any state. You may find yourself paying an additional fee if any mistake occurs in submission.
Quick Solutions
If you want a quick and professional solution then we are ranking at the top in business withdrawal services. Contact us right away and let us handle the job.
Review Your Paperwork
CPA CLINICS allows you to have the paperwork reviewed and discuss with our experts if anything needs to be changed.
Close Everything Thing Before Moving On
Do not leave the documentation filing after closing your business because the state may assess your business and ask for the tax on that company. Handle it wisely with us.
Legal steps are required for dissolution or business withdrawal if a business decides to end its operation in a foreign state. Following the State’s laws is essential and saves you from additional taxes and other penalties from State. Limited Liability Companies (LLC), Limited Partnership, Limited-Liability Limited Partnerships and other entities are legal entities and require more than just a letter or a phone number. It requires a recognized feat as per state requirement. If you don’t comply with the State’s rule to obtain a certificate of dissolution from the Secretary of State, then you remain liable for all taxes, assessments, fines and penalties.
There is a difference between Business Dissolution and Business Withdrawal.
Dissolution means the end of the business life, dissolving a business. The dissolving of a company can happen for several reasons. Some of them are:
State issues a notice of dissolving a business due to some reasons such as:
Business Withdrawal is different in some extent when compared with business dissolving. Businesses file withdrawal to inform the State that they are not keeping up the pace and are closing their formal practices in a specific location. For example, a laptop processors manufacturer is withdrawing from the business but will still be working with another corporation on new technology. In this context, the company doesn’t cease to exist; it is just not present in the same means.
CPA Clinics has been in the filing legal documentation business for years. Due to years of experience, we know what and where to apply if a company decides on dissolution or withdrawal. Call Us Right Now For The Best Business Withdrawal Or Corporate Dissolution Services.
When used in business terminology, a withdrawal is the withdrawal of funds from a company’s assets for private use. This transaction is generally available to partnership shareholders, as well as sole proprietors. Any such withdrawals made by the owner lead to a reduction in the owner’s equity invested in the enterprise.
Involuntary dissolution: If the state dissolves the corporation. Suppose the corporation fails to pay taxes or file required reports or is found guilty of unlawful activities.
Voluntary dissolution: If the board of directors and the shareholders decide to dissolve the corporation.
• Board Meeting / Shareholder Approval
• Filing a Certificate of Dissolution with the Secretary of State
• Notify the Internal Revenue Service (IRS) and Other Taxing Authorities
• Formal Notice of Dissolution
• Settle Claims with Creditors
• Liquidate All Assets
• Distribute Funds to Shareholders
• Close All Accounts
• File Company Tax Returns and Tax Documents
Company dissolution or business withdrawal is also known as striking off. It usually means removing the name from the registered office at Companies House. Once the business withdrawal application is accepted, the business ceases to exist legally.
A company can be dissolute for main two out of many reasons. Voluntarily and involuntarily. Usually, the business withdrawal happens voluntarily by the co-decision of the board of directors and stakeholders.
Why would you want to waste your precious financial resources, take unnecessary stress, and expose yourself and your business to unnecessary compliance and inaccurate and untimely financial reporting risk?
Our team of Certified Public Accountants and Certified Internal Auditors are here to assist.
No minimum time-period contract! Try us out!
