No matter how big or small your business is, there may come an unfortunate time when you need to end operations and dissolve your business. Closing your business includes a muti-step process and can be a stressful time for whoever’s involved. You need to take care of several important steps to limit your liability for lawsuits and government fees. When you do a corporate dissolution, you ensure that you are no longer liable for paying annual fees, filing annual reports, and paying business taxes. If you don’t get this done, you could be looking at thousands of dollars in accumulated fees and penalties after a few years.
At Bizvalue, we strive to achieve the highest professional standards in the industry. Our team of professionals are committed to providing you with accurate and credible client service unparalleled by other firms. We promise to dissolve your corporate as quickly and efficiently as possible. We provide our services across Nassau County NY, New York City, New York County NY, Raleigh NC and Suffolk County NY. If you are interested in our services, make sure to contact us today.
Here are some more reasons why you need corporate dissolution:
- Legal Requirements
Corporations form and operate under state law. Every corporation has to file paperwork to bring the corporation into existence and dissolution paperwork to end its existence. Each state corporation statute details a dissolution procedure that the corporation must follow to establish an end date for obligations and liabilities. Even if you close the doors, sell off assets and pay all creditors, the corporation remains in existence until articles of dissolution are filed with the state.
- Tax Requirements
Tax returns are due for any corporation that has not been properly dissolved. The consequences of not filing articles of dissolution include the accumulation of tax fees and penalties which could go up to thousands of dollars.
So, if you are interested in our services, contact us today.