Ending Your Business
NEED TO CLOSE YOUR LLC, CORPORATION, OR NONPROFIT? WE’RE HERE TO HELP. OUR EXPERTS CAN TAKE CARE OF THE DISSOLUTION PROCESS FROM START TO FINISH.
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.
How To Close a Business With HF Consulting
With a few clicks, we can help terminate or dissolve your business with your state.
SEAMLESS DISSOLUTION PROCESS
With a few clicks we can make sure your documents are prepared and filed correctly.
ONE CLICK. ONE PAYMENT.
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.
ALLEVIATE THE STRESS
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.
Why You Should Let HF Consulting Handle Your Corporate Dissolution Or Termination
Our knowledgeable staff has years of experience handling every type of business filing for customers of all sizes.
Tie up loose ends. Let us handle the paperwork.
While managing the closure of your business, the last thing you need is filing complications. HF Consulting knows exactly what needs to be filed to end any further obligations you may have with the state. Relieve that burden to us, so you don’t have to worry about any additional fees or taxes mounting because of some administrative paperwork.
FAST & RELIABLE SERVICE
Through your secure online account, you can complete the process often with a few clicks of the mouse and then let our business professionals take over.
AVOID THE HEADACHES
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, your state may still try to assess or collect taxes from your company, or worse, from you individually. With our professional filings, you can make sure the right paperwork is filed to make sure the state knows you are no longer in business and you can move on.
Dissolution Service FAQs
What is a corporate dissolution or termination?
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.
So, how do I close my business?
When closing an LLC, corporation, or nonprofit, you’ll need to follow these steps:
1. Make sure all owners are on the same page and agree to close, creating a written agreement stating so.
2. File dissolution documents (this is where we can begin to help).
3. Cancel all permits, licenses, and registrations.
4. Comply with all employment and labor laws in regards to employee payments after closing your business.
5. Resolve any financial obligations.
6. 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.
What has to be filed with the state to formally close my business?
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.
What happens if I don’t formally dissolve my business?
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.
What’s the difference between a withdrawal and a dissolution?
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.