To close a DBA in Delaware, contact the same office where you filed your original DBA registration and submit any required paperwork along with the related fees. If registered in multiple counties, repeat this process for each DBA.
Process and Costs
What happens if I close my limited company? Closing a limited company involves filing final tax returns, handling employees, paying owed taxes, canceling licenses and permits, closing bank accounts, and dissolving with the state.
Can I close my limited company myself? Yes, you can close a limited company by filing the necessary documentation with the state and formally dissolving the business.
Delaware’s DBA Cost and Company Dissolution Steps
How Much Does a DBA Cost in Delaware? A Delaware DBA costs $25 per county where the business operates.
How do I close an entity in Delaware? File a Certificate of Dissolution or Cancellation and pay any outstanding franchise taxes before dissolving.
Delaware requires DBA registration before operating under a fictitious name. The cost to register a DBA in Delaware is $25 per county.
To close your Delaware LLC, take a member vote to cancel and file a Certificate of Cancellation. Pay franchise taxes and distribute assets before the cancellation. The filing fee to cancel a Delaware LLC is a one-time $200 fee.
To properly close a Delaware entity, follow these steps:
- Take a member vote
- Appoint a manager
- Pay creditors and members
- Pay franchise taxes
- File Certificate of Cancellation
Filing a DBA in Delaware involves:
1) Searching for available names
2) Registering your unique DBA
Processing times for Delaware dissolutions average 5-10 days. Once dissolved, notify the IRS to file the final returns.
To cancel a Delaware business license, file final tax returns, notify relevant agencies, and complete dissolution paperwork according to state guidelines.
Correctly dissolving a Delaware business involves:
- Taking member votes
- Appointing a manager
- Notifying creditors
- Paying taxes and fees
- Distributing assets
- Filing paperwork
Cancellation involves ending business operations and contractual obligations. Additionally, close bank accounts, sell or transfer eligible permits.
Complete the Certificate of Cancellation paperwork through the Delaware Department of State and obtain a Tax Clearance Certificate to prove tax compliance.
Begin the Delaware LLC cancellation process by taking an owner vote, as outlined in your Operating Agreement. Consult professionals as needed for each step.
When dissolving, ensure that official signatures match registered records. Cancel all licenses and certificates tied to the dissolved entity.