In order to dissolve your business, you must file an Article of Dissolution with the New York State Department of State if you own a business in New York. Although closing a business can be a difficult process, with the right advice, you can make sure that everything is done legally and prevent any future legal problems. We will look more closely at how to dissolve an LLC in New York, where to mail the articles of dissolution in New York, how to dissolve a business in New York, and how much it costs to dissolve an LLC in this post. How to Terminate an LLC in New York
You must do the following actions in order to dissolve an LLC in New York: 1. Call a meeting of the LLC members to cast a vote on the company’s dissolution. 2. Submit a Certificate of Dissolution to the Department of State in New York. On the website of the Department of State, this form can be obtained.
3. Submit a final tax return to the Department of Taxation and Finance of the State of New York. 4. Cancel any business licenses or permissions the organization currently has. 5. Inform all creditors and business partners of the company’s demise. Where to Send Dissolution Articles in New York
You must send your Article of Dissolution to the following address when you file it with the New York State Department of State: One Commerce Plaza, 99 Washington Avenue, Division of Corporations, Department of State, Albany, NY 12231
The form can be delivered in person or mailed. If you decide to mail it in, don’t forget to enclose a self-addressed, stamped envelope so the department can send you a copy of the submitted document. How to Close a Business in New York
The process for dissolving your firm will be slightly different if it is not an LLC. The steps are as follows: 1. Call a meeting of the partners or shareholders to vote on the company’s dissolution. 2. Submit a Certificate of Dissolution to the Department of State in New York.
3. Submit a final tax return to the Department of Taxation and Finance of the State of New York. 4. Cancel any business licenses or permissions the organization currently has. 5. Inform all creditors and business partners of the company’s demise.
In New York, it costs $60 to dissolve an LLC. You must include this payment with your Certificate of Dissolution.
In conclusion, it can be difficult to dissolve a firm in New York, but if you follow the instructions above, you can be sure that everything is done correctly. It is always recommended to speak with a company legal expert or attorney if you have any queries or worries about the dissolution process.