sep 18 2010
Dissolutions
Dissolutions
Save Fees and Taxes by Notifying the State when Ending a Business. Without the formal termination of a company, owners could still be charged fees associated with the business.
Dissolutions in the United States
In the US, a Corporation or LLC must file Articles of Dissolution (sometimes referred to as Certificate of Dissolution or Certificate of Cancellation) when it needs to terminate its existence.
Whenever a Corporation or LLC is an active entity at the Secretary of State, it is in existence and has specific obligations to that state (such as filing Annual Reports, paying state fees, and paying taxes). Even if the company is not actually doing any business at all, as long as the company is filed with the state, it is considered to be in existence.
For this reason, it is important to officially and formally dissolve your entity with the Secretary of State in order to avoid any unnecessary fees.
Fidelitas will prepare your Articles of Dissolution for review and submission to the appropriate state agency in any of the 50 states.
