Corporate Dissolution and Withdrawals
Support for the full entity life cycle
Much like forming a business, dissolving a business is a lengthy, complicated process. You have to carefully follow each step or risk paying fines and losing liability protection. The process can be daunting and difficult to understand, but CSC is ready to help you navigate the process.
Why choose CSC
Procedural expertise
Submitting dissolution filings isn't easy. Most companies rely on a trusted partner to facilitate the process.
Stress-free processing
You need to protect shareholders as you shut down. CSC ensures your Certificate of Dissolution is processed quickly and correctly.
Unmatched client support
You'll have access to dedicated account experts. They'll provide live, personalized service during extended business hours.
Technology
CSCNavigator
CSCNavigatorSM is our proprietary secure hub for our unified legal and compliance management network of solutions—powering CSC corporate compliance solutions, entity and matter management, service of process, annual reports, and business licenses.
Learn more about entity CSCNavigator
FAQs
In most states, “dissolution” describes the process of closing a corporate entity in its state of formation. Withdrawal filings allow an entity to remove its registration in a foreign qualified state and continue to exist in the state of formation or domicile. You would file an Application for Withdrawal for foreign registrations—registrations in a state other than the domestic state.
You may encounter additional hurdles when filing a dissolution or cancellation to wind down a corporate entity. In some states, you must first obtain a tax clearance certificate to submit with the articles of dissolution. Also, some jurisdictions require you to publish the cancellation in a newspaper of general circulation in the county of the known place of business and submit an affidavit of the publishing to the state office with the articles of dissolution. If the entity has lost good standing due to a missed compliance filing, the state may require you to bring the entity back to good standing before you can submit the articles of dissolution.
There are three steps to dissolving your business. You must follow these steps precisely to ensure compliance and proper closure:
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Voting on the dissolution: To begin, shareholders and your board of directors must vote on whether a dissolution is logical. Only after a majority vote for dissolution has been approved can a company take the next step. Rules on vote and action vary by state, so be sure to comply with the state's rules.
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Preparing all documentation to meet state requirements: CSC will prepare all documentation to meet state requirements.
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Filing a Certificate of Dissolution: You'll need an official Certificate of Dissolution for each state in which the entity is qualified to do business. Once the documents are submitted, we'll provide you with your official dissolution documents.
