Certificate of Cancellation Overview
When it’s time to close your Delaware LLC, the final step is to file a Certificate of Cancellation with the Delaware Division of Corporations. The filing fee for this certificate is $200. The Certificate of Cancellation should be filed after completing the ‘winding up’ process.
Dissolution Process Details
The dissolution process involves several steps:
- Dissolution: LLC members must consent to start the dissolution process.
- Winding Up: Settling obligations and liabilities and preparing for proper closure.
- Cancellation: Filing the Certificate of Cancellation and Cover Letter to officially close the LLC.
It’s important to dissolve your corporation or LLC correctly to ensure it’s no longer liable for future taxes, debts, or obligations.
Costs and Filing Methods
- Filing Fee: The Certificate of Cancellation carries a $200 filing fee.
- Cover Letter: There is no cost associated with the Cover Letter.
- Filing Methods: You can file by mail or online.
Online filing is available for convenience. Please note that as of 2020, fax filing is no longer an option.
Additional Information
LLCs must pay all claims against the company, make provisions to resolve claims that may arise, and ensure known and future obligations are addressed. The Division of Corporations will not accept the Certificate of Cancellation until a final Franchise Tax Report is filed and any outstanding franchise tax is paid. Failure to pay required taxes can result in penalties.
For corporations voluntarily dissolving, there’s a short form available if specific requirements are met.
If you need assistance, IncNow can help file the Certificate of Cancellation, with a processing fee of $189 (plus a $200 state fee and outstanding franchise taxes).
For comprehensive assistance, reach out to the Delaware Department of State at 302-739-3073.
Remember to submit all required documentation along with the filing fee to complete the termination of your Delaware LLC.