Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
Business Status Forfeited In Virginia
State:
Multi-State
Control #:
US-0046-CR
Format:
Word;
Rich Text
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FAQ
To dissolve a domestic Virginia LLC you must fill out articles of cancellation of a Virginia LLC (Form LLC-1050). To dissolve an out-of-state/foreign LLC you must fill out the application for a certificate to cancel a Foreign LLC in Virginia (Form LLC-1056).
Dissolving a Virginia LLC is a process that includes resolving any outstanding business debts or legal obligations, filing articles of dissolution with the the Virginia State Corporation Commission (SCC), and notifying the appropriate taxing and licensing authorities that you have closed your company.
There are some basic steps to dissolving an LLC in Virginia. Step 1: Vote to dissolve the LLC. Review your company's operating agreement. Step 2: File Certificate of Dissolution. You will then need to fill out the Certificate of Dissolution. Step 3: Winding up. Step 4: File the final tax return.
Similarly, dissolving an LLC entails a process. Step 1: Decide to close your business. Step 2: Notify creditors and settle debts. Step 3: File final tax returns and get tax clearance. Step 4: Notify licensing authorities. Step 5: File dissolution papers. Step 6: Close business bank account. Step 7: Distribute remaining assets.
When an LLC has been dissolved, it is no longer recognized as a legal entity in the state. As such, the LLC no longer has the lawful right to conduct business in Commonwealth of Virginia.
Virginia doesn't require an LLC to file anything when it plans to dissolve. Instead, you'll file Articles of Cancellation once the business has finished winding up. You can plan to file these documents online through the Clerk's Information System, by mail, or in-person in Richmond.
Email us with any licensing renewal questions at BOILicenseRenewal@scc.virginia. Must renew by May 1 every odd year. Agencies that fail to renew by May 1 every odd year must submit an application for a new license through Sircon or NIPR.
Virginia doesn't require an LLC to file anything when it plans to dissolve. Instead, you'll file Articles of Cancellation once the business has finished winding up. You can plan to file these documents online through the Clerk's Information System, by mail, or in-person in Richmond.