Expert guidance for closing your business properly and avoiding future liabilities
Making the decision to close your business is never easy, but when that time comes, it’s crucial to do it correctly. When a US corporation dissolved improperly, owners can face ongoing tax obligations, state fees, and potential personal liability for years to come.
Many business owners mistakenly believe that simply stopping operations means their business is closed. However, until you officially dissolve your corporation or LLC with your state and settle all obligations with the IRS, your entity legally continues to exist. This means you’re still responsible for annual reports, franchise taxes, and maintaining compliance with state regulations.
Our dissolution services ensure your business closure is complete, compliant, and final. We handle all the paperwork, filings, and regulatory requirements so you can move forward with confidence and peace of mind.
Closing an LLC requires careful attention to both state and federal requirements. Our LLC dissolution services cover every aspect of the process, from initial member approval to final state filings.
We begin by reviewing your LLC’s operating agreement to understand the specific dissolution procedures outlined by your members. We then prepare all necessary dissolution documents, including the certificate of dissolution required by your state. Our team ensures that all members are properly notified and that any required votes or consents are documented according to your operating agreement and state law.
Asset distribution is a critical component of LLC dissolution. We help you navigate the proper order of payments, ensuring creditors are paid first, followed by members according to their ownership interests. This proper sequencing protects members from potential liability claims after dissolution.
Finally, we file your articles of dissolution with the appropriate state agency and obtain confirmation that your LLC dissolution is complete. We also handle publication requirements in states that mandate newspaper notices of dissolution.
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Don’t leave your business dissolution to chance. Protect yourself from ongoing liabilities, tax complications, and future fees by closing your business the right way.
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