How Do I Close My Business in Hawaii? Dissolving an LLC

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Pre-Dissolution Requirements and Costs

Before dissolving your LLC, you must:

  • Submit Articles of Dissolution.
  • Cancel any business licenses and permits.
  • Settle any outstanding taxes.

For LLCs in Hawaii, there is a $25 standard fee for dissolution, with an optional $25 expedite fee. Despite the costs, continuing business after dissolution requires registering a new entity.

In Indiana, to dissolve your LLC, submit Indiana Articles of Dissolution (Form 49465) to the Indiana Secretary of State. Obtaining a certificate of existence is also possible through the Secretary of State.

Dissolution Process in Indiana

To dissolve a corporation or LLC in Indiana:

  1. File Articles of Dissolution with the state.
  2. Fulfill your tax obligations to the IRS and the Indiana Department of Revenue.
  3. Cancel licenses and permits, and close any remaining accounts.

Remember that failure to formally dissolve the entity may result in penalties and liabilities.

Cost of an LLC in Hawaii

Forming an LLC in Hawaii comes with various costs including:

  • Initial Costs: $51 filing fee for Articles of Organization.
  • Annual Costs: $12.50 annual report fee.

The Application for Reservation of Name (Form X-1) costs $10, and the overall fee to register an LLC is $51 ($50 filing fee plus a $1 State Archives fee).

Filing online is recommended for the fastest processing.

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