Are you looking to close a corporation in Georgia? The process can be complicated and you need to know exactly what to do. In this article, we will provide step-by-step instructions on how to dissolve your Georgia corporation. We will also provide information on the documents you will need to file and the fees you will need to pay.

How to Close a Corporation in Georgia?

To dissolve a Georgia corporation, you must follow the steps outlined by the Georgia Secretary of State’s Corporations Division (SOS). First, you must hold a Directors meeting and record a resolution to Dissolve the Georgia Corporation. You must also hold a Shareholder meeting to approve Dissolution of the Georgia Corporation. After this has been done, you must file Articles of Dissolution with the Georgia Secretary of State. Your filing usually will be processed in 7-10 days, although expedited processing is available for a $100 fee.

Article Two: Provide the date the dissolution was authorized.

Article Three: Filer must choose one of the statements addressing the shareholders’ participation in the dissolution.

Note that the SOS will not allow you to dissolve your corporation until all taxes are paid and all debts are settled. Once all of the documents have been filed and the required fees have been paid, your corporation will be officially dissolved.

What if I Want to Dissolve My Georgia LLC?

If you want to end your Georgia LLC, you would need to complete the dissolution process. Once your company has been formally dissolved, creditors can no longer initiate legal action against your company. To dissolve an LLC, you must file a Certificate of Dissolution with the Georgia Secretary of State and pay the applicable fee.

Conclusion

Dissolving a corporation in Georgia is a complex process. To ensure that you are following the proper steps, it is important to consult with a business broker or attorney. Atlantabusinesses.com is a great resource for answers to all your questions about selling a business and about business brokers.

What are the steps for shutting down my GA corporation?

In order to dissolve a corporation registered in Georgia, the Articles of Dissolution must be officially filed with the Georgia Secretary of State’s Corporations Division. The corporation must be in active status with the Secretary of State’s office prior to dissolution.

What is the process for shutting down a business with the Georgia Secretary of State?

To finish a Georgia LLC, submit form CD-415, Certificate of Termination, to the Georgia Secretary of State’s Corporations Division. This document can be found on the Georgia SOS website or your Northwest Registered Agent online account. It is not necessary to utilize SOS forms.

What is the procedure for cancelling a company registration in Georgia?

You can submit the completed form and payment to the Corporations Division located at 2 Martin Luther King Jr. Dr. SE, Suite 313 West Tower, Atlanta, Georgia 30334. Additionally, you can file a certificate of cancellation at no cost on the website https://ecorp.sos.ga.gov/ without incurring a fee or service charge.

How do termination and dissolution differ?

Dissolution is the act of formally ending a business partnership, while termination is the complete stopping of all activities related to the partnership, including the sale of any assets.