You need to terminate your registered agent if you’ve made the decision to dissolve your Delaware LLC or company. Legal documentation must be delivered to the registered agent on behalf of your company. An essential step in closing your business is changing your registered agent. This is the procedure.
Find a new registered agent as the first step. You’ll need to find a new registered agent before you terminate your present one. In Delaware, you have two options: either use a registered agent service or find a new registered agent. You must include the new registered agent on your certificate of cancellation.
File a Certificate of Cancellation in Step 2 You must submit a certificate of cancellation to the Delaware Division of Corporations in order to formally dissolve your Delaware LLC or company. The certificate of cancellation is a one-page document that contains fundamental details about your company as well as the cause of cancellation. The paperwork must be filled out with the new registered agent’s name and address.
Pay the filing fee in Step 3 The filing fee to dissolve a Delaware corporation or LLC is $200. The cost is payable by cheque, money order, or credit card. Make sure to double-check your form before submitting it because the cost is non-refundable.
Step 4: Await Confirmation
After submitting your certificate of cancellation and paying the filing fee, you must wait for the Delaware Division of Corporations to confirm your cancellation. They will get in touch with you to address any problems with your form. Your company will formally close after your cancellation is authorized.
You can dissolve your Delaware LLC if you’re the lone member by submitting a certificate of cancellation. To cancel your registered agent and submit the certificate of cancellation, follow the directions above.
Your Delaware LLC may still be subject to taxes, fees, and legal obligations if you don’t legally dissolve it. Even if your company has ceased operations, you are still obligated to submit annual reports and pay franchise fees. If you don’t, you risk fines and penalties.
You must follow a separate procedure if you want to dissolve a nonprofit in Delaware. The Delaware Code, Title 8, Chapter 31, governs nonprofits. The Delaware Secretary of State will need to receive your certificate of dissolution together with any necessary paperwork and filing costs. The Department of Finance and the Office of the Attorney General may also need to be informed. To make sure you’re taking the right actions, it is advised that you consult with a lawyer.