To dissolve your corporation in Alaska, you must file a Certificate of Election to Dissolve, before or at the same time as, the Articles of Dissolution form. File in duplicate with the Alaska Division of Corporations, Business, and Professional Licensing by mail, fax or in person.
Once the initial actions are completed, the Alaska Division of Corporations usually takes around 10-15 business days to process the Articles of Dissolution. They must file Form 966, Corporate Dissolution or Liquidation, if they adopt a resolution or plan to dissolve the corporation or liquidate any of its stock.
Basic Steps for Dissolution
- Vote to dissolve the corporation: Corporations are not solo endeavors, and ending them isn’t one individual’s call. First, your board will need to convene and vote on a motion to dissolve the corporation.
- File a Certificate of Dissolution with the Alaska Division of Corporations, Business, and Professional Licensing. This document should include your business name, the date of dissolution, and the reason for dissolving. There is a $200 filing fee to dissolve a business in Alaska.
- Confirm that all LLC members agree with closing the business.
Dissolution Process in Indiana
- File the dissolution paperwork with the Indiana Secretary of State.
- Fulfill your tax obligations: Your corporation will need to pay any taxes due to the IRS and the Indiana Department of Revenue.
- Cancel licenses and close accounts.
To dissolve your LLC in Indiana, submit one original and one copy of the Indiana Articles of Dissolution (Form 49465) to the Indiana Secretary of State (SOS) by mail or in person. Articles of Dissolution can be filed online if you pay using an IN.gov payment account or a MasterCard, Discover or Visa credit card.
You can obtain your certificate of good standing, known as a certificate of existence in Indiana, by requesting it from the Secretary of State.
Dissolving your limited liability company(LLC) is an essential process that releases the members from legal and financial liabilities arising from the business.
To dissolve an LLC in Indiana, you follow a set of rules carefully. The steps to dissolution must comply with Indiana state law and follow your LLC’s operating agreement.
Starting an LLC in Alaska
- Filling a Certificate of Dissolution with the Alaska Division of Corporations, Business, and Professional Licensing is the third step to dissolving your LLC.
- File the Articles of Dissolution with the Alaska Secretary of State to officially dissolve the LLC. The filing fee is $25.
If you’re planning to run a business in Alaska, establishing an LLC requires you to apply for an LLC in Alaska.
To create a new Alaska LLC after dissolution, follow the standard formation process, which includes choosing a unique business name that complies with state-specific naming requirements.
Starting an LLC in Alaska has a standard procedure based on filing Articles of Organization with Alaska Division of Corporations, Business, and Professional Licensing. Creating an LLC in Alaska has a cost of $250.
Once all necessary approvals have been obtained and all tax accounts have been closed, you can officially dissolve your Alaska LLC by filing a Certificate of Dissolution with the Alaska Secretary of State.
Alaska allows the domestication of LLCs. If moving a company to Alaska, complete the process by filing a Statement of Domestication together with Articles of Organization. The filing fee is $275.
In Alaska, you can dissolve an LLC with a $25 non-refundable filing fee filed with the Division of Corporations, Business, and Licensing by mail, fax, or in person.
Alaska showcases a fast-growing start-up scene and is considered tax-friendly, particularly in Anchorage.
To form an LLC, entrepreneurs must deal with the Alaska Division of Corporations, Business, and Professional Licensing.[^1]
The cost of dissolving an LLC in Alaska involves a filing fee and settling any outstanding taxes or debts.
In conclusion, dissolving an LLC in Alaska includes financial variables, compliance duties, professional assistance expenses, and potential legal complications.
Alaska does not require tax clearance to dissolve an LLC, but it is important to resolve any outstanding tax and other financial obligations.
[^1]: Note: Alaska does not have a Secretary of State office. All business formation activities go through the State of Alaska Division of Corporations, Business, and Professional Licensing, a branch of the Department of Commerce, Community, and Economic Development.