1. Notify Your Business Partners: It’s crucial to let your business partners know before submitting a statement of dissolution if you have any. You must talk about how to divide the company’s assets and liabilities.
2. Submit Articles of Dissolution: The Secretary of State of Colorado must receive your articles of dissolution before you can dissolve your company. The articles can be submitted by mail or online. For online filings, there is a $25 cost, and for mail-in submissions, there is a $10 fee.
3. Pay All Debts and Taxes: Following the filing of the articles of dissolution, you must settle all outstanding company debts and taxes. This covers any unpaid debts to creditors as well as any taxes due to the Colorado Department of Revenue. 4. Cancel Any Business Licenses and Permits Your Company May Have: You must also cancel any business licenses and permits your company may have. This covers any regional licenses or permits that your company might hold.
Colorado charges $25 for online filings and $10 for mail-in filings when dissolving an LLC. However, there can be extra expenses related to closing your firm, like paying taxes and unpaid bills.
A delinquent LLC may be dissolved in Colorado, yes. If your LLC is past due, you must submit an Application for Reinstatement and settle any unpaid fines and fees. You can file the articles of dissolution to dissolve the LLC once it has been reestablished.
Each state has a different fee for dissolving an LLC. An LLC dissolution in Colorado costs $25 for online filings and $10 for mail-in filings. But there can be extra expenses like paying taxes and unpaid bills when the LLC is dissolved.
To sum up, in order to dissolve a business in Colorado, you must submit a statement of dissolution to the Secretary of State, settle all outstanding bills and taxes, and revoke any business licences and licenses that may still be in effect. In Colorado, dissolving an LLC costs $25 for online filings and $10 for mail-in filings; extra fees apply for unpaid taxes and debts. You can submit for reinstatement of your LLC before filing for dissolution if it is past due.