CORPORATE DISSOLUTION AND WITHDRAWALS

Dissolving a business, much like forming a business, is a lengthy, complicated process. You have to carefully follow each step or risk paying fines and losing liability protection. The process can be daunting and difficult to understand, but CSC is ready to help you navigate the process.

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Corporate Dissolution and Withdrawals

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Procedural expertise

Submitting dissolution filings isn't easy. Most companies rely on a trusted partner to facilitate the process.

Stress-free processing

You need to protect shareholders as you shut down. CSC ensures your Certificate of Dissolution is processed quickly and correctly.

Unmatched customer support

You'll have access to dedicated account experts. They'll provide live, personalized service during extended business hours.

TECHNOLOGY SOLUTIONS

CSCNavigator

CSCNavigator®—our unified legal and compliance portfolio management system—powers our corporate compliance solutions. Corporate legal departments, compliance professionals, and business owners use this platform to securely manage their entities, annual reports, corporate filings, service of process (SOP), litigation, deals, business licenses, contracts, and many other business needs.

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FAQs

  • What's the different between a dissolution and a withdrawal filing?

    In most states, “dissolution” describes the process of closing a corporate entity in its state of formation. You would file an Application for Withdrawal for foreign registrations—registrations in a state other than the domestic state. Withdrawal filings allow an entity to remove its registration in a foreign qualified state and continue to exist in the state of formation or domicile.

  • What makes dissolution filings more complicated?

    You may encounter additional hurdles when filing a dissolution or cancellation to wind down a corporate entity. In some states, you must first obtain a tax clearance certificate to submit with the articles of dissolution. Also, some jurisdictions require you to publish the cancellation in a newspaper of general circulation in the county of the known place of business, and submit an affidavit of the publishing to the state office with the articles of dissolution. If the entity has lost good standing due to a missed compliance filing, the state may require you to bring the entity back to good standing before you can submit the articles of dissolution.

  • What are the steps to shut down or dissolve a corporation?

    There are three steps to dissolving your business. You must follow these steps precisely to ensure compliance and proper closure:

    1. 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 a company take the next step. Rules on vote and action vary by state, so be sure to comply with the state's rules.

    2. Preparing all documentation to meet state requirements: CSC will prepare all documentation to meet state requirements.

    3. Filing a Certificate of Dissolution: You'll need an official Certificate of Dissolution for each state in which the entity is qualified to do business. Once the documents are submitted, we'll provide you with your official dissolution documents.

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