Businesses close for any number of reasons. Regardless of yours, it’s important to take the necessary steps to assure your business’ affairs are in order. If you need to terminate your corporation, LLC, or nonprofit, we can help you file the paperwork required to get it done in your state so you can move on.
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With a few clicks, we can help terminate or dissolve your business with your state.
With a few clicks we can make sure your documents are prepared and filed correctly.
With our transparent fees, you make one payment and know that the document is right and the right payments are delivered to the right place at the right time.
Closing a business can be stressful. You don’t need to add to the stress by wondering whether your company has filed the right paperwork with the state. Let us take care of it for you.
With years of experience handling every type of filing for customers of all sizes, our knowledgeable staff can handle the paperwork while you do what you love.
Filing complications is the last thing you need while managing your business’s closure. Swyft Filings knows exactly what you need to file to end any further obligations you may have with the state. Let us carry that burden so you don’t have to worry about additional fees or mounting taxes due to administrative paperwork.
Swyft Filings knows exactly what licenses you might need and where to look. Let us do the leg work, so you don’t have to worry about it.
Each state has slightly different requirements when it comes to dissolving an LLC, corporation, or nonprofit. Rather than research and figure out exactly what you need, let our professionals handle it for you.
If you don’t file the necessary paperwork, a state may still try to assess or collect taxes from your company, or worse, from you individually. With our professional filings, you can ensure the right paperwork is filed and move on, knowing the state knows you are no longer in business there.
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Dissolution is the process of formally winding down or terminating your business. In addition to a final accounting of the assets and liabilities, you will have to file the necessary paperwork with your state. A proper dissolution should also be documented with the proper corporate resolutions.
When closing an LLC, corporation, or nonprofit, you’ll need to follow these steps:
Make sure all owners are on the same page and agree to close, creating a written agreement stating so.
File dissolution documents (this is where we can begin to help).
Cancel all permits, licenses, and registrations.
Comply with all employment and labor laws in regards to employee payments after closing your business.
Resolve any financial obligations.
Maintain tax and employment records in case you need to reference them in the future.
Find more details regarding the dissolution requirements by state here.
You will need to file the necessary paperwork in the state where you incorporated and any states where you foreign qualified to do business. Many states call it a Certificate of Dissolution or Articles of Dissolution. Some states will not allow this until there is confirmation that all due tax payments have been paid.
Just because you decided to shut down does not end the business’s filing and tax obligations. You will need to formalize the closing with the IRS and the state entities. To make sure you are no longer on the hook for paying annual fees, filing annual reports, and paying business taxes, you have to file your official documents with the state. Failing to do so allows for fees and fines to mount for which you can be personally liable.
Withdrawal is a term that generally means you withdraw from doing business in a particular state, but not wrapping up business overall. If you foreign qualified to do business in another state, but no longer do so, you would file a withdrawal to terminate your reporting requirements in that state without terminating your entire business.
Dissolving your company isn’t a decision to make lightly. If you’re curious about what dissolution truly means and how to move forward after going through the process, Swyft’s Resource Center has valuable guides, articles, and case studies that suit your needs.