Leverage our experience to help legally dissolve and wind down your entity
Much like forming a business, dissolving a business also includes a step-by-step process—each step important to avoid fines and potential loss of liability protection. While the steps can be daunting and difficult to understand, our experts can help you navigate the process.
How to shut down or dissolve a corporation
The steps to dissolving your business must be followed precisely to ensure compliance and proper closure, and include:
- Voting on the dissolution
To begin, shareholders and your board of directors must vote on whether a dissolution is logical. Only after a majority vote for dissolution has been approved can you take the next step. Rules on vote and action vary by state, so be sure to comply with the state's rules.
- Preparing all documentation to meet state requirements
CSC will prepare all documentation to meet state requirements.
- Filing a Certificate of Dissolution
An official Certificate of Dissolution is needed for each state in which your business is qualified to do business. Once the documents are submitted, we'll provide you with your official dissolution documents.
Why choose CSC for your company's dissolution
It is not uncommon for company dissolutions to take weeks or months to complete, depending on the size and scope of the business's operations. Given the lengthy and complicated nature of these legal proceedings, most companies entrust their registered agents with the task of facilitating the dissolution.
With more than 120 years of doing business, CSC has decades of experience handling this challenging task for many of our clients, including a number of well-known Fortune 500® companies. We can ensure your Certificate of Dissolution is processed quickly and correctly, because we understand the importance of protecting shareholders when shutting down a corporation.
We're ready to talk
If you'd like to talk through your corporate dissolution or withdrawal needs, complete the form on the right for a free consultation with a CSC compliance expert.
- Recorded Webinar: Best Practices for Corporate Transactions
- Blog: Up-to-date dissolution news and important announcements