If you are done doing business in a foreign jurisdiction, you will need to file the right paperwork to terminate your reporting and tax obligations for that state. Swyft Filings can help you. Our business professionals can make sure your withdrawals, or surrenders, are filed right so you can make the clean break from doing business in a state where you no longer conduct business. Call us today.
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We can help you quickly withdraw from your reporting and tax obligations in states where you no longer conduct business.
With a few clicks, we'll make sure your documents are prepared and filed correctly.
Our knowledgeable staff has years of experience handling every type of filing for customers of all sizes. Do what you love, let us handle the paperwork.
We know exactly what you need to file to end any further obligations you might have in the state you don’t do business in anymore. Let us take care of it and stop worrying about additional fees or taxes mounting because of administrative paperwork.
Your secure online account is the best way to complete the process. It’ll often take just a few clicks, and then our business professionals can take over.
Each state has slightly different requirements. Rather than research and figure out exactly what you need in each state where you have stopped doing business, 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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If you are registered to do business in a state, but no longer wish to do so, you file a withdrawal to terminate you authority to do business there. More importantly, it can put an end to your reporting and taxing requirements with that state.
Many states will require you to be in good legal standing, including the payment of all due fees and taxes before you can formally withdraw.
Just because you decided to stop doing business in a specific state does not end the business’s filing and tax obligations in that state. You will need to formalize the withdrawal. 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 you are leaving. Failing to do so allows for fees and fines to mount for which you can be personally liable.
Dissolution applies when you are shutting down the entire business and not just withdrawing from doing business in one state.
Need to know more about what withdrawal from doing business in a specific state entails? Not sure it’s the right step for you? Get this and other important information from the Swyft Resource Center.