How to Dissolve a Corporation

So, you want to know how to dissolve a corporation?  Of course, when determining how to dissolve a corporation it depends on the state where your corporation is filed.  But, generally speaking, you need to do the following steps:

First, when determining how to dissolve a corporation, you should check with the Secretary of State in the state where your corporation is filed to make sure the corporation is in good standing.  At the same time, you should see what else the Secretary of State requires in order to dissolve a corporation, usually they will have a form or a list that explains what needs to be done.

Second, check your corporate records to see what, if anything, they say about dissolving your corporation.

Next, make a list of the corporate assets and liabilities.  Then determine how the liabilities and assets will be allocated when you dissolve a corporation.

Forth, you will probably have to file a final tax return that shows that the corporation is dissolved.  This may or may not have to be done prior to filing your paperwork to dissolve a corporation, but it will probably need to be done by the end of the tax year in which the corporation is dissolved.

Finally, you will need to update your corporate records consistent with dissolving your corporation.

Of course, this is a simplified plan, but may be able to point you in the right direction when determining how to dissolve a corporation.

If you are needing help with how to dissolve a corporation, Integrated General Counsel can help you determine your next steps.  If you are ready for a results-driven plan of action, contact us either by telephone at (925) 399-1529, schedule yourself into our calendar for an appointment at a time convenient for you, or complete the Contact Kristen form and we will get back to you.

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