There are numerous reasons why a corporation or LLC might be dissolved, including a strategic decision due to lack of success, embarking on new ventures, or a collective decision by shareholders to liquidate assets. Completing the dissolution process ceases ongoing tax obligations and other statutory filings associated with maintaining an active business registration with the secretary of state. The emotional weight of dissolving a business you've passionately built can be significant. Incofile is here to alleviate that burden by managing the dissolution paperwork on your behalf.

In order to properly close a corporation or LLC that is no longer transacting business, the company must file Articles of Dissolution with the state of incorporation. Neglecting to file Articles of Dissolution for a company that is no longer active may expose the corporation or LLC to unnecessary recurring fees or taxes.

Business dissolution is primarily an act of filing Articles of Dissolution with your secretary of state. However, if a business is not in a sound position with the state to dissolve, other legal matters may complicate the process.