It’s crucial to take the right actions to make sure you’re in accordance with state law if you need to dissolve a S corporation in North Carolina. Here is a step-by-step tutorial on dissolving a S corp in North Carolina:
Hold a Board of Directors meeting as the first step. Holding a board of directors meeting to vote on the dissolution is the first step in dissolving your S corporation. To make it official, you’ll need a majority of the directors present.
Articles of Dissolution must then be submitted to the Secretary of State’s office in North Carolina. There is a $30 filing fee, and both online and postal filing are acceptable.
Additionally, you must inform the NC Department of Revenue and the IRS that your S company is being dissolved. Before you can formally dissolve the corporation, you must submit a final tax return and settle any unpaid taxes.
In order to settle any outstanding debts, you must notify all creditors and sell any assets you may have. Any assets that are left over after paying off all debts can be given to shareholders.
People also inquire about how to obtain a hard copy of an annual report for a business. You can ask for a paper copy of your company’s annual report from the Secretary of State’s office in North Carolina if you need one. Each additional copy that is requested is $5. How Do I Download the SEC File in PDF? You can use the EDGAR database on the SEC’s website to do a search for a specific SEC file in PDF format. When you locate the document you need, you can download it in PDF format.