Professional business dissolution and termination services. We handle all legal requirements, tax clearances, and compliance matters to properly close your business.
We handle all types of business closures and terminations
Our comprehensive process ensures proper legal closure of your business
Evaluate business status and dissolution requirements
Develop dissolution strategy and timeline
Submit required dissolution documents to state
Obtain tax clearances and settle obligations
Finalize dissolution and provide documentation
Transparent pricing for business dissolution services
Get answers to common business dissolution questions
The dissolution process typically takes 4-8 weeks, depending on the business type, state requirements, and complexity of assets and obligations.
Dissolution may trigger tax obligations including final tax returns, asset distribution taxes, and potential penalties. We provide guidance on minimizing tax impact.
Yes, but debts must be properly addressed through the dissolution process. This may involve asset liquidation, creditor notifications, and settlement negotiations.
Assets are typically used to pay debts first, then distributed to owners according to ownership agreements and state law. We help ensure proper asset handling.
Yes, proper notifications are required for employees, customers, creditors, and other stakeholders. We provide guidance on required notifications and timing.
Dissolution is the legal process of closing a business, while bankruptcy is a legal proceeding for businesses unable to pay debts. Dissolution can be voluntary or involuntary, while bankruptcy typically involves court supervision and debt restructuring or liquidation.
After proper dissolution, you can start a new business, but it will be a separate legal entity. You cannot simply 'restart' the dissolved business - you would need to form a new entity with proper registration and compliance.
Keep all dissolution documents, final tax returns, asset distribution records, and creditor settlement documentation for at least 7 years. These may be needed for tax audits or legal inquiries.
Speak with our dissolution specialists
Dissolution requirements and fees vary by state and business type
Need help with a specific state?
Essential steps to ensure proper business closure and legal compliance
Don't risk missing critical steps in your business dissolution. Our experts ensure every requirement is met and all obligations are properly handled.
Avoid these costly errors that can create ongoing liability and complications
Leaving debts unpaid can result in personal liability for business owners
Identify all debts, negotiate settlements, and ensure proper payment before dissolution
Personal liability, damaged credit, potential lawsuits
Missing final tax filings can result in penalties and continued tax obligations
File all required final federal, state, and local tax returns with proper dissolution notation
Tax penalties, interest charges, ongoing tax liability
Distributing assets without following legal priority can create liability issues
Follow proper order: pay debts first, then distribute remaining assets to owners
Legal disputes, creditor claims, personal liability
Failing to properly notify creditors can extend liability periods
Send formal dissolution notices to all known creditors and publish required notices
Extended liability periods, potential claims, legal complications
Active licenses may continue to generate fees and compliance obligations
Cancel all business licenses, permits, and registrations in all jurisdictions
Ongoing fees, compliance violations, administrative penalties
Inadequate documentation can create problems during audits or legal inquiries
Maintain complete records of dissolution process, payments, and distributions
Audit difficulties, inability to prove compliance, legal complications
How we helped businesses close properly and avoid ongoing complications
Partners wanted to dissolve due to retirement but had complex client contracts
Managed orderly client transition, contract assignments, and proper asset distribution
Clean dissolution with no ongoing liabilities and satisfied clients
Failed startup with investor obligations and employee stock options
Negotiated with investors, handled option cancellations, and managed IP transfer
Proper dissolution protecting founders from personal liability
Restaurant closure with equipment leases, vendor contracts, and tax obligations
Coordinated lease terminations, vendor settlements, and comprehensive tax clearance
Complete closure with all obligations properly handled