Dissolutions
Sometimes, a company finds they need to stop doing business. When this happens, you need to quickly dissolve the formal business entity. If you do not, each state you do business in will continue to consider you an active business and you may be charged fees, penalties, etc. just as if you were still actively running your company. For this reason, it is vital that you formally dissolve the entity with the Secretary of State by completing the appropriate business filing.
Let us handle this delicate business filing for you. We will prepare the necessary Articles of Dissolution required by the state and complete the filing, so you can be confident it ws handled correctly.
At EZOnlineFiling.com, we are experts at dissolving your business and we handle all of the difficult steps necessary at the state level so you don't have to.
Just answer a few simple questions on our secure and confidential questionnaire related to your business filing. This usually only takes a few minutes. One of our experts will review the information and prepare the Articles of Dissolution needed by the Secretary of State. We will also keep you informed, step by step, throughout the process so you will never have to wonder about the status of your filing.
When the business filing is complete, we will send your documents to you so you can have assurance your business has been dissolved.
We make completing a business filing for a dissolution simple and easy.
Here’s how it works:
- Complete our online questionnaire:
We will ask you simple questions related to your business dissolution to ensure a smooth filing. This often takes as little as 10 minutes and will keep you from guessing whether you’ve done everything that’s needed for the business filing. - We file your paperwork with the state:
Once we have Step 1 completed, we will create the business filing documents that the state needs to dissolve your business. We give them a quality check to make certain your answers are accurately reflected and the actual filing with the state takes place. - Final steps:
Once we receive the Articles of Dissolution back from the state, we will forward them to you along with any other related papers or directions.
Truly as easy as 1, 2, 3! All of the confusing processes that happen in-between these three steps are handled by us. That’s the real magic of what we do!
Q: What is a Dissolution?
A: Dissolutions are formal processes that end a businesses activities and “close the doors” of the business. This can be a voluntary step taken when the owner of a business decides that he or she no longer intends to conduct business or may be involuntary. In an involuntary case, the state dissolves the business due to failing to meet the states requirements of the business.
Q. What are some of the reasons why a business might dissolve?
A. Voluntary dissolution of a business might occur for a variety of reasons with the most common being management deadlock or unprofitability. A company’s state of formation can enact involuntary Dissolution on a company if that company has failed to file annual reports with the state, pay annual fees and/or taxes, or is encountering bankruptcy.
Q. Is the dissolution process different for a limited liability company (LLC) than for a corporation?
A. The existence of LLCs is less stable than that of corporations in the sense that an outside occurrence, such as a death of an owner, can end the company’s existence (depending on the operating agreement). Otherwise, the dissolution process is the same for both entities.
Q. What risks are associated with being in "bad standing"?
A. Companies that are in bad standing long enough risk administrative dissolution or revocation by the state. When a state administratively dissolves a corporation or limited liability company (LLC) or the corporate or LLC status has been revoked, the benefits of being a corporation or LLC, such as the limited liability protection provided to the owners, are lost.
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