Pennsylvania Dissolution of Unit
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FAQ
File the appropriate dissolution, surrender, or cancellation SOS form(s) within 12 months of filing your final tax return.
To dissolve your corporation in Pennsylvania, you provide the completed Articles of Dissolution-Domestic (DSCB: 15-1977/5877) form to the Department of State, Corporation Bureau, by mail or in person. You may fax file if you have a customer deposit account with the Bureau.
Without that specific language, you may simply accomplish the dissolution through a unanimous written agreement of all involved. You will also need to distribute all assets and pay all debts and obligations. The last step will be to alert the Pennsylvania Department of State that you are dissolving the business.
The Pennsylvania Business Corporation Law at 15 P.S. § 1979 provides that the dissolution of a business corporation does not eliminate or impair any claim existing against the corporation, its officers, directors, or shareholders if an action or proceeding on that claim is brought within two years after the date of ...
Dissolving a Church or Nonprofit in Pennsylvania Take an Official Vote of the Board of Directors/Members. ... Obtain Tax Certificates. ... Obtain Attorney General Approval. ... Obtain Court Approval to Sell Real Estate. ... Ensure that Money Left Over is Transferred to a Similar Nonprofit.
Dissolving a Church or Nonprofit in Pennsylvania Take an Official Vote of the Board of Directors/Members. ... Obtain Tax Certificates. ... Obtain Attorney General Approval. ... Obtain Court Approval to Sell Real Estate. ... Ensure that Money Left Over is Transferred to a Similar Nonprofit.
The dissolution process doesn't take more than a week, as that's all the time the Pennsylvania Department of State needs to process the dissolution application. However, obtaining the tax clearance certificates that are required before the filing usually takes up to a month.
How to Dissolve an LLC in Pennsylvania in 7 Steps Review Your LLC's Operating Agreement. ... Vote to Dissolve an LLC. ... Notify Tax Agencies and Pay the Remaining Taxes. ... File Articles of Dissolution. ... Inform Creditors and Settle Existing Debt. ... Wind Up Other Business Affairs. ... Distribute Remaining Assets.
