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How much does it cost to cancel a Delaware LLC?

Enclosed is the Certificate of Cancellation of a Limited Liability Company to be filed in accordance with the Limited Liability Company Act of the State of Delaware. The fee to file the Certificate is $200.00 and you will receive a stamped \u201cFiled\u201d copy of your submitted document.

How do I dissolve my Delaware LLC?

Steps to Cancel a Delaware LLC Consult the LLC Operating Agreement. ... Take a Member Vote. ... Appoint a Manager to Wind up the LLC's Affairs. ... Payoff Creditors, Current and Forseeable, before paying Members. ... Pay The Delaware Franchise Tax. ... Pay the LLC's members. ... File a Certificate of Cancellation.

What happens if I don't dissolve my LLC in Delaware?

If you do not legally and officially cancel your LLC or dissolve your corporation, your company will continue to be held responsible for the annual Delaware Franchise Tax Fee as well as your annual Registered Agent Fee until either the Registered Agent resigns or until the State of Delaware voids the company.

What is a certificate of cancellation Delaware?

The Certificate of Cancellation is a document that is filed with the state of Delaware in order to officially cancel the LLC. The Certificate of Cancellation should only be filed after your LLC has \u201cwound down\u201d its affairs completely. IncNow can help file the Certificate of Cancellation.

What happens if I don't dissolve my LLC in Delaware?

If you do not legally and officially cancel your LLC or dissolve your corporation, your company will continue to be held responsible for the annual Delaware Franchise Tax Fee as well as your annual Registered Agent Fee until either the Registered Agent resigns or until the State of Delaware voids the company.

delaware corporation dissolution short form

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Is it easy to close a corporation?

Closing a corporation and winding up business operations is known as "dissolution," and the process requires several steps. Often, the aid of a lawyer or the assistance of a tax professional is helpful. Certainly, you may informally dissolve a company by ceasing all business action.

How do I close my Delaware corporation?

To dissolve your domestic corporation in Delaware, you must provide the completed Certificate of Dissolution form to the Department of State by mail, fax or in person, along with the filing fee. Include a Filing Cover Memo with your name, address and telephone/fax number to enable them to contact you if necessary.

How do you cancel an entity in Delaware?

Steps to File a Certificate of Cancellation One member (owner) of the LLC must sign the Certificate of Cancellation. Pay the cancellation and preparation service fees, as well as the current year's Delaware Franchise Tax Fee. File the Certificate of Cancellation.

How much does it cost to cancel an LLC in Delaware?

The certificate of cancellation cancels your LLC's certificate of formation. 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.

Do I need to dissolve my LLC in Delaware?

In Delaware, LLCs don't need to file a Dissolution form with the state, however, it's best to place the decision to dissolve in writing.

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