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What is dissolution, and what is withdrawal? Dissolution is an official filing with the original formation state terminating the legal existence of a company throughout the country. Withdrawal merely eradicates a company's right to do business in a particular state; it can continue to exist and do business elsewhere.
A withdrawal of a corporation or LLC merely removes your company's right to do business in a particular state but the company may continue to exist and do business elsewhere.
Complete the process by filing with the New York Department of State. Once you've obtained our consent and prepared the Certificate of Dissolution, you're ready to file with the Department of State. Your filing must include: written consent from the Tax Department (Form TR-960, Consent to Dissolution of a Corporation);
A withdrawal of a corporation or LLC merely removes your company's right to do business in a particular state but the company may continue to exist and do business elsewhere.
Withdrawal of a corporation, also referred to as dissolution of a corporation, is the termination of a corporate entity. The procedure could be conducted voluntarily or involuntarily.