Saturday, April 18, 2015

HOW does a company dissolve without winding up?

HOW does a company dissolve without winding up?
I do not quite understand the last part of the question but as far as the first part I can say this, If your are referring to dissolving an LLC or Corporation you will need to Get with the Secretary of State or go on-line to the Secretary of State website for your state and fill out paperwork for dissolution of a company and pay any fee's necessary to complete the filing. Once this is done then you should be good, you will receive paperwork in the mail confirming the dissolution of the company to keep for your files. You will also have to get with the Dept. of Taxation to close your sales and use tax account and your Franchise and Excise tax Account.

If you are referring to a sole proprietorship that is run through your SSN and just have a business license with the city you are in, then you will need to get with the city and basically shut down the business with them. That way you won't keep receiving the bill for the annual business license renewal and personal property tax.

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