Dissolve an LLC or Corporation

How to Dissolve an LLC or Corporation

If you’re going out of business, you’ll need to formally dissolve your business entity. The technical name of this process is called dissolution. It is a natural part of winding down any business entity whether it is a corporation or LLC. Below, you’ll find the step you need to take to dissolve your business entity in any state.

  1. Complete the Articles of Dissolution
    The Articles of Dissolution go by different names depending on which state the articles or certificate is being filed in, but the process is essentially the same in every state. To complete the articles you will the following information: entity name, date of formation, documentation of shareholder/member approval, name and signature of authorized person(s).
  2. Pay the Filing Fee
    To file the Articles of Dissolution, you will have to pay a filing fee. These fees average around $100. For exact fee amounts, see the specific state table of information below.
  3. Cancel Registered Agent Service
    Once you’ve filed the Articles of Dissolution, you’ll want to cancel registered agent service if you’ve hired an agent. Be sure to provide sufficient notice to avoid any surcharges or cancellation penalties with your registered agent. At IncFast, we ask for a 30-day notice before the next year of service begins. Most registered agent services will continue until the end of that year.
  4. Receive Tax Clearance
    In many states, if you’re current on your taxes and annual report fees, the state’s Department of Revenue will send you a tax clearance notice stating that your LLC or corporation owes nothing to the state. You’ll want to keep this document safe in your records!

Why You Should Dissolve a Business

When it’s time to wind down your business or close the doors, the last thing you will want to do is file a form with the state and pay a filing fee. However, if your business is no longer active in a state for any reason, it’s crucial to formally dissolve the entity. Some states may administratively dissolve the company as part of a routine with no consequence to the business owner, but many states do not. In many states, even if a business is not actively engaged in business, if the LLC or corporation hasn’t been dissolved, it will accrue fees and fines for not filing annual reports and paying late fees. These will register as outstanding debts and will be sent to collections. At that point, the business owner’s LLC or corporation would be inactive and the limited liability the entity provided would be null and void, likely leaving the business owner personally responsible for those debts. This could lead to hundreds, if not thousands, of dollars of personal debt.

Alaska Articles of Dissolution for LLCs and Corporations

To dissolve an Alaska LLC or Alaska corporation, you'll need to provide the following:

  • The date of filing of the company’s formation documents and the date of any amendments made to the articles.
  • If a corporation, state whether shareholders or board of directors voted to dissolve the corporation
  • State the reason the company is being dissolved.
  • Provide the effective date of the dissolution, if it's not effective on the date of the filing.
  • Any other information to be included
  • Signatures: The articles must be signed by a director, shareholder, manager, member, or attorney.

Fastest way to file: Alaska Articles of Dissolution must be filed in person or by mail. In person will be much faster. Otherwise the filing with take one to two weeks to be completed.

Entity Type Dissolution Form Filing Fee
LLC LLC Articles of Dissolution $25
Corporation Corporation Articles of Dissolution $15
Top

Alabama Articles of Dissolution for Corporation or LLC

To dissolve an Alabama LLC or Alabama corporation, you'll need to submit articles of dissolution (one original and two copies) to the probate judge in the county where your incorporation was recorded. The articles of dissolution must include:

  • The Name of the corporation or LLC.
  • Alabama Entity ID Number
  • If a corporation, state whether shareholders or board of directors voted to dissolve the corporation provide the date the dissolution was authorized.
  • LLCs must include the date the certificate was filed, the effective date of dissolution, and the reason for filing the articles.
  • Signatures: The articles must be signed by a director, shareholder, manager, or member.

Fastest way to file: Alabama Articles of Dissolution must be filed with the probate judge in person or by mail. Usually the dissolution is processed in about a week. Filing times really depend on the probate office. Once the judge of probate completes the certification of the articles, they forward one copy to the Secretary of State and one copy to you.

Entity Type Dissolution Form Filing Fee
LLC LLC Articles of Dissolution

$100 Secretary of State Fee

$50 (approximately) Probate Judge Fee

Corporation Corporation Articles of Dissolution

$100 Secretary of State Fee

$50 (approximately) Probate Judge Fee

Top

Arkansas Articles of Dissolution for Corporation or LLC

To dissolve an Arkansas LLC or Arkansas corporation, you'll need to submit articles of dissolution to the Arkansas Secretary of State. The articles of dissolution must include:

  • The Name of the corporation or LLC.
  • If a corporation, state whether shareholders or board of directors voted to dissolve the corporation, and provide the date the dissolution was authorized.
  • LLCs must include the date the articles of organization and all amendments were filed, the effective date of dissolution, and the reason for filing the articles.
  • Signatures: The articles must be signed by an officer.

Fastest way to file: Articles of Dissolution are processed within 2 business days.

Entity Type Dissolution Form Filing Fee
LLC Articles of Dissolution

Dissolve LLC Online

$50 by mail

$45 online

Corporation New Code Articles of Dissolution

Old Code Certificate of Dissolution

Articles of Dissolution by Incorporators or Initial Directors

Dissolve Corporation Online

$50 by mail

$45 online

Top