What is Business Dissolution?

Business Dissolution is the formal process of ending a company’s legal existence. It involves notifying government authorities, settling financial obligations, and filing the necessary documents to remove your company from the official registry.

For U.S. businesses, this typically includes filing with the Secretary of State in your state of formation. For U.K. companies, dissolution involves submitting forms to Companies House and completing any tax obligations with HMRC.

Why Proper Dissolution Matters

Failing to dissolve a business correctly can lead to:

• Ongoing Tax Liability – The business may continue to accrue taxes or fees.

• Legal Penalties – Non-compliance with government requirements can result in fines.

• Reputation Issues – Future business ventures may be affected if previous companies remain active.

• Financial Complications – Bank accounts, contracts, and licenses may remain in your name.

Proper dissolution ensures that your company is legally closed, and you are free from future obligations or liabilities.

Who Needs Dissolution Services?

• U.S. LLCs, C-Corps, or other corporations that are closing operations

• U.K. Limited Companies (Ltd) ceasing business activities

• International business owners looking to legally wind up a company remotely

• Entrepreneurs seeking a clean and compliant closure of their business

How iFiler Helps

iFiler manages the entire dissolution process efficiently, ensuring full legal compliance:

1. Consultation & Assessment

• Review your company’s legal and financial status

• Advise on the proper method of dissolution based on jurisdiction

2. Document Preparation

• Prepare and submit dissolution forms to the relevant authorities

• Draft resolutions or approvals required for shareholders or members

3. Government Filing

• File with Secretary of State (U.S.) or Companies House (U.K.)

• Confirm acceptance of the dissolution and update official records

4. Final Compliance & Notifications

• Notify tax authorities (IRS or HMRC) and other relevant institutions

• Assist in closing business bank accounts and canceling licenses or permits

Benefits of Using iFiler

• ✅ Professional handling of all dissolution steps

• ✅ Avoid fines, penalties, and ongoing liabilities

• ✅ Secure and legal closure of your company

• ✅ Support for U.S., U.K., and international business owners

• ✅ Peace of mind knowing your business is officially dissolved

Documents Required

Typically, you will need:

• Company formation documents (Articles of Organization / Certificate of Incorporation)

• Shareholder or member resolutions approving dissolution

• Tax clearance or proof of filed tax obligations

• Identification for owners or directors

iFiler ensures all documentation is correctly prepared and accepted by authorities.