Illinois Notification of Cancellation or Dissolution of Business for Cook County
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FAQ
Holding a vote with LLC members to dissolve the LLC. Recording the dissolution vote in the LLC's meeting minutes. Determining the formal date of dissolution. Distribution of LLC assets. Notifying creditors and settling any business debts.
You must file Form 966, Corporate Dissolution or Liquidation, if you adopt a resolution or plan to dissolve the corporation or liquidate any of its stock.
File final tax returns and terminate your EIN. File the required dissolution documents. Settle any remaining tax liabilities and other debts. Sell any remaining inventory, property, and other assets. Cancel any remaining insurance policies, licenses, or permits.
Holding a vote with LLC members to dissolve the LLC. Recording the dissolution vote in the LLC's meeting minutes. Determining the formal date of dissolution. Distribution of LLC assets. Notifying creditors and settling any business debts.
Step 1 Obtain the Form. The Assumed Business Name form is available from the County Clerk's office. Step 2 Fill out the Form. Information that is commonly requested includes: Step 3 Legal Notice Publication. Step 4 Submit Application.
Step 1: Hold a Board Meeting and Seek Shareholder Approval. Step 2: File a Certificate of Dissolution with the Secretary of State. Step 3: Notify the Internal Revenue Service and Other Taxing Authorities. Step 4: Formal Notice of Dissolution. Step 5: Settle Claims with Creditors.
File final tax returns and terminate your EIN. File the required dissolution documents. Settle any remaining tax liabilities and other debts. Sell any remaining inventory, property, and other assets. Cancel any remaining insurance policies, licenses, or permits.
File the Articles of Dissolution with the Illinois Secretary of State. Fulfill all tax obligations with the state of Illinois, as well as with the IRS. Cancel any relevant licenses and permits, along with closing your business bank account. Notify customers, vendors, and creditors of your dissolution.
