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How to Dissolve an S-Corp in 8 Steps Vote to Dissolve the S-Corp. ... Cease Operating the Business. ... Wrap-Up Employee Obligations. ... Sort Liabilities and Debts. ... Liquidate and Distribute Assets Among Stakeholders. ... File Articles of Dissolution. ... Dissolve your S-Corporation with IRS.
Help AgencyForm NameFee for Hawaii Business Express usersDCCALLC-11 Articles of Termination$25.00DCCAFLLC-1 Application for Certificate of Authority$50.00DCCAFLLC-2 Application for Certification of Cancellation$25.00DCCAGP-1 Registration Statement for Partnership$12.5040 more rows
If I decide to stop operating my business, do I need to cancel my license? Yes. Cancel your license by signing into Hawaii Tax Online or cancel your license(s) by submitting a Form GEW-TA-RV-1.
After dissolution, a corporation is generally expected to pay all its existing debts and then liquidate its remaining assets to its shareholders. This sometimes becomes difficult, however, where there are unknown claims that may exist against the corporation.
To dissolve your Hawaii Corporation, file Form DC-13, Hawaii Articles of Dissolution with the Hawaii Department of Commerce and Consumer Affairs, Business Registration Division (BREG) by mail, fax, or in person. The articles of dissolution cannot be filed online.