After two decades of experience as an entrepreneur and advisor to entrepreneurs, I know that it’s just as important to dissolve a company properly as it is to form it properly. I turned to CT to handle a recent dissolution because I know there are several steps involved—different in each state—and I wanted to make sure it was done right in every jurisdiction. My service representative took care of everything. I felt confident knowing I had experts managing the whole process.
Support available for all 50 states and D.C.
Dissolution services
If you’re shutting your business down completely, you must file Articles of Dissolution to terminate your company’s existence.
Similarly, if you are discontinuing a business in a state where you have foreign qualified, you must file Articles of Withdrawal to avoid fines, penalties, and a potential loss of liability protection.
Frequently asked questions
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Does the dissolution process differ for LLCs and corporations?Although the requirements vary from state to state, the dissolution process generally stays the same for both. CT’s well-practiced professionals are are standing by to answer your questions about the rules in your state.
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Why might a business voluntarily dissolve?For many reasons: The company may not be profitable enough to continue operations. There may be a management deadline over the company’s future direction. Or, the owners may simply wish to move on to a new venture.
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What is dissolution and what is withdrawal?Dissolution is an official filing with the original formation state terminating the legal existence of a company throughout the country. Withdrawal merely eradicates a company’s right to do business in a particular state; it can continue to exist and do business elsewhere.