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What happens if I dont dissolve my LLC in Delaware?

If you dont file the Certificate of Cancellation, the LLC will continue to accumulate Delaware franchise tax annually. Failure to settle the tax will lead to an administrative dissolution when the franchise tax goes into arrears.

How much does it cost to close a Delaware C Corp?

A $200 filing fee is required. The cancellation is processed in about two to three weeks after receipt, but expedited service is available. The certificate of cancellation can then be downloaded.

Does Delaware require a plan of dissolution?

In Delaware, LLCs dont need to file a Dissolution form with the state, however, its best to place the decision to dissolve in writing. We provide a Members Consent to Dissolution form below that you can use. This form doesnt need to be sent to the state.

What is the requirement for the dissolution of a corporation?

A corporation seeking voluntary dissolution shall submit a verified request signed by its duly authorized representatives containing the corporate name, SEC registration number, principal office, a statement requesting for the dissolution, and reason for the dissolution.

Do I need to dissolve my LLC in Delaware?

The Delaware LLC Act allows a Delaware LLC in good standing to have a perpetual existence, unless otherwise specified in the LLC Certificate of Formation or Operating Agreement, unless the LLC becomes cancelled for failing to pay franchise tax, failing to maintain a registered agent, or filing a Certificate of

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How much does it cost to dissolve a Delaware LLC?

There is a $200 fee to file the certificate. Your filing usually will be processed in 2-3 weeks. Various forms of expedited service are available for additional fees. A basic certificate of cancellation form is available for download from the SOS website.

What happens if I dont dissolve my LLC in Delaware?

If you dont file the Certificate of Cancellation, the LLC will continue to accumulate Delaware franchise tax annually. Failure to settle the tax will lead to an administrative dissolution when the franchise tax goes into arrears.

How do you dissolve a Delaware LP?

Delaware Entity Dissolution Information A limited partnership can file a statement of cancellation with the Delaware Department of State, Division of Corporations. The filing will include a fee of $200.

Does Delaware require a plan of dissolution?

In Delaware, LLCs dont need to file a Dissolution form with the state, however, its best to place the decision to dissolve in writing. We provide a Members Consent to Dissolution form below that you can use. This form doesnt need to be sent to the state.

What happens if I dont dissolve my LLC in Delaware?

If you dont file the Certificate of Cancellation, the LLC will continue to accumulate Delaware franchise tax annually. Failure to settle the tax will lead to an administrative dissolution when the franchise tax goes into arrears.

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