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With our help, you can easily terminate your business operations in any state.
With CPA CLINICS ready your documents and file dissolution application in no time.
CPA CLINICS can assure you that the documents are delivered to the right place on time.
It is always stressful to close a business in any state. You have to file lots of documents and you will be wondering if you have submitted the correct documents. Let us take care of the documentation process because we are experts in filing it.
Let our experts handle your business dissolution task because we have years of experience and have worked for thousands of businesses globally.
Get It Reviewed
Our experts will cater a customize dissolution application for you to file with the state. Once the document is ready we will email it to you for the review.
Express Filing Services
If you are looking for the fastest solution; then, we are the leader in the industry with express process services. Contact us today to file the documents in no time.
Don’t Stress Yourself
CPA CLINICS can help you take the stress away from you so you can focus on your business. Let our professionals do the legal documentation for you.
Successfully Move On
Delay in business closure documents filing may affect you in the future, because state may ask you to pay business tax and in some cases state even ask you to pay tax individually. Get our help and stand ahead of everything.
If you are a limited liability company (LLC) or a corporation and want to dissolve the company, you must officially dissolve your entity to avoid further business taxes and any lawsuit. The officially dissolving your business also inform your creditors that your business can no longer incur business debts.
Your LLC or corporate business needs to file the necessary forms to the Secretary of State. For example, if you were an LLC or corporate registered in California state, then, you must submit the "certificate of dissolution" and "Certificate of Election" to the California Secretary of State to wind up and dissolve. Both forms disengage your business's debts and liabilities, the business assets, and how you or co-shareholders elected to dissolve the company. If you are an LLC and want to dissolve your business, then you must file an "articles of dissolution" form.
Some states require you to obtain "tax clearance" or "consent to dissolution" from your state tax board. The state's tax clearance and consent to dissolution declare that all business taxes have been paid, and you are allowed company dissolution.
You also need to file the paperwork to state for dissolving a business partnership if you were doing business as a partnership. This is required when you had already submitted the documents with the state when you allied. For example, if you had filed a “Statement of Authority” with the Secretary of State when you formed your partnership. You need to file a “Certificate of Dissolution” when you dissolve your partnership. Filing dissolution paperwork is a good idea; this will notify the creditors that the alliance can no longer acquire debts. This is specifically important when running your business as a partnership, and every partner is usually personally liable for all business debts.
Since an LLC is formed with the Articles of Incorporation, it makes sense to submit articles for closing a business in operation. Without filing the articles for dissolution, the LLC will continue to be liable for the government taxes and other state requirements. Fortunately, closing a company with CPA Clinics is just a matter of filing paperwork. An article of dissolution must be filed with the state of incorporation for an LLC that is no longer transacting business.
These are three key steps that you can take to dissolve a company. CPA CLINICS complete these steps promptly on your behalf, making a complex and lengthy process quite simple and stress-free.
A consent form from the board of directors is a must when thinking of dissolving your LLC or corporation. This consent/minutes of the meeting will be outlined in your incorporation papers. Companies with shareholders are required to have written documentation of this decision signed by all owners. However, this is not necessary if you are a single-member LLC.
You need a registered agent on board to file articles of dissolution. Your registered agent must sign your document. Your registered agent will receive the certificate of dissolution that will formalize the termination of business activity in your state. Once the business dissolution form is documented correctly, all the branches in the state will be immediately and automatically be dissolved as well. You need to file the dissolution of a company in the state where you incorporated/registered.
This is an acute phase because it will help you get a "consent to dissolution" or "tax clearance" that makes the procedure smooth. However, to receive this consent, you need to pay all the liable taxes beforehand. The Secretary of State will ask for this consent for an official dissolution. Closing all the bank accounts and credit lines is another additional step to consider when choosing the dissolving of your business. You will also want to cancel your names [if you have] in another state. Save your time and keep your focus on more pressing matters. We'll handle the paperwork for you.
A full termination is required to end/terminate the existence of a limited liability company. The article of dissolution is recommended to file with the state department to terminate the business.
A dissolution is normally intended by the shareholders if there is no further use for the company. Company directors can strike off the register and still retain full control of the business.
Debts are still owed and must be repaid. No matter, you dissolve a business through Members’ Voluntary Liquidation (MVL) or do it voluntarily. However, directors can carry out the dissolution.
It doesn’t appear on your credit rating when you dissolve a business. Once there’s a liquidation, the director’s duties cease with company termination.
If you file the article of dissolution, it is removed from the register at the company’s house, and all the cash and assets are transferred to The Crown. To get the cash and assets back, one must go through a process normally known as company restoration.
If you are looking to close your business, then CPA Clinics is the best partner that you can have for this task. Call us today! Let us handle and prepare all your work, and you keep your focus on other pressing matters.
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.
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