Dissolution
$100.00 – $150.00
Dissolve your US company seamlessly with IJ’s professional team, ensuring proper closure before state and federal authorities and an easy end to your business’s legal existence.
Dissolution Requirements
- LLC Documents (Articles Of Organization)
- LTD Document (Articles Of Organization)
What is Company Dissolution?
It’s the legal process of formally closing a company, bringing its existence to an end.The company ceases to operate, its assets are liquidated (sold), and any remaining liabilities are settled.
What are the different types of Dissolution?
- Voluntary Dissolution: Initiated by the company’s owners/directors.
- Involuntary Dissolution: Forced by creditors, regulators, or other parties.
- Administrative Dissolution: In some jurisdictions, the company can be administratively dissolved by the state for failing to meet certain requirements (e.g., filing annual reports, paying taxes).
What are the general steps involved in Dissolution?
Decision to Dissolve:
Notification of Stakeholders:
Liquidation of Assets:
Payment of Debts:
Filing Articles of Dissolution/Final Reports:
Distribution of Remaining Assets (if any):
Dissolution In USA?
- Governing Laws: State laws primarily govern company dissolution. Federal tax laws also apply.
- Key Agencies: Secretary of State (for company registration and dissolution) and the IRS (for tax matters).
- Specific Procedures: Vary by state. Most states require filing Articles of Dissolution. Tax clearance certificates from the IRS and state tax agencies may be required.
- Key Considerations: Paying all taxes, filing final tax returns, and addressing any pending legal issues.
Dissolution in UK?
- Governing Laws: Companies Act 2006.
- Key Agencies: Companies House (for company registration and dissolution) and HMRC (for tax matters).
- Specific Procedures: Several methods exist, including Members’ Voluntary Liquidation (solvent companies), Creditors’ Voluntary Liquidation (insolvent companies), and striking off (for dormant companies).
- Key Considerations: Appointing a liquidator (in some cases), publishing notices in the Gazette, and dealing with HMRC regarding tax liabilities.
Dissolution in Pakistan?
- Governing Laws: Companies Act, 2017.
- Key Agencies: Securities and Exchange Commission of Pakistan (SECP).
- Specific Procedures: Winding up can be voluntary or compulsory. Voluntary winding up requires a special resolution by the shareholders.
- Key Considerations: Appointment of a liquidator, publication of notices, dealing with creditors, and obtaining approval from the SECP.
