Closing a company in Florida is not as difficult as it may seem. With the right guidance, you can easily dissolve or withdraw your business. In this article, we’ll provide you with all the necessary steps to close your Florida company in the most efficient and effective way.

How to close a company in Florida?

The first step to closing a company in Florida is to obtain approval from either the corporation’s directors or its shareholders. Depending on the type of business entity, there are different documents that need to be filled out and filed.

For profit and non-profit corporations, you’ll need to file Articles of Dissolution with the Florida Department of State’s Division of Corporations. You can file these documents online or on paper, and the filing fee is $25. If you file online, the process should take two to three days, while filing on paper can take up to a week.

If you’re dissolving an LLC, you’ll also need to file Articles of Dissolution with the Florida Department of State’s Division of Corporations. You can download the form from the website or fill out the form online. When you’re done, you will need to pay the filing fee of $25. If you file online, the process should take two to three days, while filing on paper can take up to a week.

It’s important to note that when you dissolve a Florida business entity, the entity will no longer exist.

Conclusion

Closing a company in Florida can be done quickly and easily with the right guidance. By filing Articles of Dissolution with the Florida Department of State’s Division of Corporations, you can dissolve or withdraw your business in a few days. For more information on selling a business and business brokers, visit Atlantabusinesses.com.

What are the steps for dissolving a business in Florida?


6
Notify Creditors of the Dissolution. …
7
Distribute Assets to Shareholders.

Submit the Articles of Dissolution, complete the winding up of the Corporation, send a Notice of the Dissolution, file for Dissolution in any other States needed, address any other remaining business matters, alert creditors of the Dissolution, and finally, distribute assets to the shareholders.

What is the expense of shutting down a business in Florida?

The Division of Corporations in Florida requires a fee of $35 to dissolve a corporation, and each certified copy of the filing is an additional $8.75. Additionally, a Certificate of Status reflecting the dissolution will cost another $8.75.

What steps are necessary to dissolve an LLC in Florida?

To close your Florida LLC, you can submit the Cover Letter and Articles of Dissolution for a Limited Liability Company forms to the Department of State either by mail or in person, with the required fee. Florida also provides an expedient Online Dissolution Filing option.

How long does it typically take to complete the process of forming a Limited Liability Company in Florida?

Paper filings should take up to seven days to be processed, whereas online filings should be finished in two to three days. If you need it done faster, you can request expedited service. Once the dissolution is complete, you will get a letter of acknowledgment in the mail. Your LLC name will be available for use by other entities 120 days after the day of dissolution.

What is the procedure for shutting down my Sunbiz corporation?

Enter the business entity’s document number in the indicated field, then press the “Start Dissolution Filing” button. Afterwards, fill out the form and make sure to pay all applicable fees.

What is the formal process for dissolving a business?

1
Submit a Final Tax Return and Associated Documents.
2
Deal with Your Staff.
3
Pay the Taxes You Owe.
4
Inform Contract Laborers of Payments Made.
5
Cease Your Employer Identification Number and Shut Down Your IRS Business Account.
6
Retain Your Documents.