2. Complete the form – The Arizona Corporation Commission website has a download link for the form. The form will request details like the name of the business entity, the cause of termination, and the termination date.
3. Send the form in – You can mail the form, deliver it in person, or send it online. The form must be submitted for a fee, which can be paid online or by check. When the form has been processed, you will receive confirmation that the business entity has been terminated.
4. Await confirmation. Where to Find a Copy of Your Arizona Articles of Incorporation You can ask the Arizona Corporation Commission for a copy of your articles of incorporation if you require one in the state of Arizona. A copy may be requested in person, by mail, or online. A copy of the articles of incorporation must be purchased. How to Terminate an LLC in Arizona You must do the following actions in order to dissolve an LLC in Arizona:
2. Submit Articles of Termination – To submit an Article of Termination to the Arizona Corporation Commission, follow the procedures detailed above. 3. Cancel any business permits or licenses The LLC’s business permits and licenses must be canceled. Pay off any outstanding debts or obligations of the LLC.
How to Terminate an Arizona Sole Proprietorship
In Arizona, dissolving a sole proprietorship is easier than dissolving an LLC. You only need to file a final tax return with the Arizona Department of Revenue and cancel any business licenses and permits.
Arizona LLC Dissolution Fees
In Arizona, dissolving an LLC costs $35 for online filing and $60 for mailing or in-person filing. It could cost extra to get copies of documents or to revoke company permissions or licenses.
In conclusion, submitting an Article of Termination can be simple if you adhere to the Arizona Corporation Commission’s suggested procedures. It is crucial to take care of any unpaid debts and to terminate any company licenses or permits before terminating an LLC or a sole proprietorship. The Arizona Corporation Commission will provide you with a copy of your articles of incorporation upon payment of a fee. In Arizona, dissolving an LLC is usually inexpensive, but additional fees can apply based on your individual circumstances.
Two distinct procedures are used to end a business entity: dissolution and winding up. While winding up entails the process of selling the company’s assets, paying off its debts, and transferring any residual assets to the owners or shareholders, dissolution is the legal process of formally ending the existence of a commercial entity. Dissolution is essentially the first phase of winding up. The dissolution of the entity will allow the winding-up procedure to start.
In Arizona, there are two alternative ways to end a company entity: termination and dissolution. A company entity can end its existence by filing an Article of Termination with the Arizona Corporation Commission. Contrarily, dissolution is a procedure when a business entity submits an Application for Dissolution to the Arizona Corporation Commission in order to cease to exist and wind up its affairs. When a business entity has debts or obligations to settle before shutting, dissolution is frequently used.