Company Dissolution: When and How to Close Your Business

When to Dissolve

You should consider dissolution when your business is no longer operating, you're starting a new venture, or maintaining the entity no longer makes financial sense.

Why Proper Dissolution Matters

Simply stopping operations doesn't close your company. Without proper dissolution, you'll continue to accrue annual fees, tax obligations, and potential penalties.

US LLC Dissolution Process

1. Vote to dissolve (member resolution)
2. File Articles of Dissolution with the state
3. File final tax returns (federal and state)
4. Cancel EIN with IRS
5. Close bank accounts
6. Cancel registered agent service

UK LTD Dissolution

1. File DS01 form with Companies House
2. Notify HMRC and file final accounts
3. Distribute remaining assets
4. Company is struck off the register

Our Service

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