Dissolution

Dissolution is the formal process of legally closing a business entity. It involves filing the necessary paperwork with the state, settling debts, distributing remaining assets, and notifying relevant parties. Proper dissolution prevents ongoing tax and compliance obligations, minimizing the rise of future liabilities. LLCs and corporations must follow state-specific procedures, which may include obtaining consent from members or shareholders. Additionally, final tax returns may need to ensure compliance with federal and state laws. Completing the dissolution process correctly helps businesses exit smoothly and avoid legal complications.

Retainer Fee: $1050.00
(Includes $1000.00 cost for document preparation and $50.00 toward recording fees)

Reasons for Dissolution

  • Voluntary Dissolution – Decision made by owners due to:
    1. Business closure or retirement
    2. Mergers or acquisitions
    3. Financial difficulties
  • Involuntary Dissolution – State-enforced due to:
    1. Failure to file reports or pay taxes
    2. Legal violations or disputes

How to Dissolve a Company

  • Review Governing Documents
  • Vote to Dissolve
  • File Dissolution Paperwork
  • Settle Debts and Obligations
  • File Final Tax Returns
  • Distribute Remaining Assets
  • Maintain Records and Confirm Closure

Financial Considerations

  • Pay Off Outstanding Debts
  • Close Business Bank Accounts
  • Final Payroll & Employee Benefits
  • Distribute Remaining Assets Properly

Services Offered by RELAWDOC

  • Flat fee pricing for peace of mind with a clear, upfront cost
  • Easy online ordering
  • Simple information collection process
  • Consultation to verify information and terms
  • Drafting of the Affidavit of Death in compliance with legal requirements
  • Review by an attorney
  • Coordination of document execution and recording as requested (for additional fees)