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Tel: (877) 573-8438
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Dissolution

Dissolving your company could be for variety of reasons. For example: your existing type of business entity no longer serves its purpose because of the change in size, needs, of your company; bankruptcy, retirement, or a change in career direction. When a business entity is no longer doing business or even if it was never used for anything, it is very important that it follows the legal steps in dissolving as a legal entity.

A business corporation, S Corporation or LLC is an entity created under authority granted by the state. Its existence may only be terminated by the state. The Business Law provides a procedure for dissolving a corporation. All legal entities can only be dissolved through formal action, not by a letter or phone call. You remain liable for all taxes, assessments, fines, penalties and interest until you receive a certificate of dissolution from the Secretary of State.