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To help you have a better understanding of what you should do, here is a simple step-by-step guide: Step 1: File the Articles of Dissolution. As stated earlier, dissolving an LLC requires you to submit formal paperwork. ... Step 2: Close any business tax accounts. ... Step 3: Complete the winding-up process.
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.
People who continue to operate a business that has been dissolved, are taking a serious risk. That's because once the company dissolves, the corporate protections no longer exist. That means that someone who operates the dissolved business, can be sued personally for anything the (dissolved) company does.
How do I dissolve a business entity? First, go to . You will need an account to file anything on Fast Track Filing (excluding Biennial Reports). ... A drop-down menu will appear. ... In the ?Existing Entities? menu, click on the ?Entity Dissolution? link.
Domestic Limited Liability Companies (489) Domestic Professional Limited Liability Companies (489) Certificate of Organization [489.201]$50.00Statement of Dissolution [489.702]$5.00Statement of Termination [489.702]$5.00Statement of Correction [489.206]$5.00Application for Reinstatement [489.706]$5.0011 more rows
To reinstate your domestic company, non-profit or corporation, file an application for reinstatement online using Fast Track Filing. The reinstatement process will guide you through other documents necessary for reinstating. Reinstatements filed online are usually processed in 1-2 business days.
To revive or reinstate your South Carolina LLC, you'll first need to pay any past due taxes. Then you'll need to submit the following to the South Carolina Secretary of State: a completed South Carolina Application for Reinstatement by a Limited Liability Company Following Administrative Dissolution.
To reinstate an involuntarily dissolved LLC in Illinois, you can apply for reinstatement. To do so, you'll need to submit the following to the Illinois Secretary of State: a completed Application for Reinstatement Following Administrative Dissolution or Revocation (Form LLC-35.40/45.65)