Close Your LLC or Corporation with a Few Clicks
If you have further questions, please contact us. We love to help! Will ClickDissolve notify the IRS that the business has been closed?
Yes, we will. When you check the “Notify IRS to deactivate EIN” box in your order, we will let the IRS know that you are no longer in business and no longer need to use the EIN. Please make sure that you have already taken care of your tax obligation before closing the business. When you file your final federal tax return for the business, please mark “FINAL” on the form. If you haven’t done so, please let us know on your order so that we can assist you with this matter.
Our flat-rate service fee is $95 plus applicable government fees. Government fees vary by state. There are no contracts or any other extra charges.
As long as the legal entity exists, it is liable for taxes and other fees. If you want to avoid unnecessary expenses, it is recommended that you dissolve the business according to the rules defined by the state and to acquire your Certificate of Dissolution. Until you possess this, your company will be held liable for filing all relevant federal, state, and municipal tax returns. Failure to file these returns can result in substantial penalties and fees associated with late filing.
Even if you have already closed your business operations, your corporation/LLC, directors, and officers (and in some cases, shareholders and members) will be deemed personally liable for aspects of the business until you file dissolution.
To close a business, you will need to file the necessary paperwork in the state where you incorporated it. Many states call this filing a Certificate of Dissolution or Articles of Dissolution. Some states will not allow such a filing until all tax debts have been paid.
Typically, the assets are distributed to the owners and shareholders/members based on a percentage of ownership or a consensus agreement. In many cases, owners choose to buy the assets from the company at a moderate price and claim depreciation of each item.
Normally, we review and file your dissolution paperwork in one business day. However, the governing state agency might take some time to approve it; the timeline varies by state. In our experience, it usually takes one to six weeks for the request to be processed.
Our team will help you to avoid any errors in your paperwork in order to have your case processed as quickly as possible.
The process of dissolving a business or LLC is different in every state. To dissolve a business or LLC, you must follow the specific requirements and steps outlined in the state where your business or LLC is registered. This may include:
- Filing articles of dissolution with the appropriate state agency.
- Handling outstanding debts and obligations, including paying off creditors and fulfilling contracts or leases.
- Properly distributing assets to the owners or members of the business or LLC.
- You may also need to notify the state, your creditors, and any other parties that have an interest in your business or LLC when you dissolve it.
To dissolve your LLC, you need to follow some steps. First, you have to tell the state you are dissolving your LLC by filling out some papers called “articles of dissolution.” Then, you have to take care of any debts or promises you still have to pay. Finally, you need to give any assets you have left to the owners of the LLC. You also might have to tell other people, like creditors and customers, that you are dissolving the LLC.
Common Questions About Our Dissolution Service
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