Our comprehensive service ensures all essential legal details are properly addressed. The Certificate of Dissolution we prepare will clearly document the plans for:
-Handling Debts: How your corporation’s outstanding debts and liabilities will be resolved.
-Asset Distribution: The agreed-upon distribution of your corporation’s assets (what the business owns).
-Shareholder Decisions: How you and your fellow shareholders formally voted to dissolve the corporation.
Important! A Certificate of Dissolution should only be submitted after your corporation has completed its winding-down activities. It must also confirm that all current and foreseeable creditors (for the next ten years) will be paid before any funds are distributed to the corporation’s shareholders.
A correct dissolution gives you crucial legal finality. Once your Certificate of Dissolution is filed, Delaware law grants a three-year period to finalize all remaining corporate affairs.
This structured winding-down period helps ensure all obligations are met and provides a clear conclusion for your business and its stakeholders.
Yes, you will need to pay the Delaware Annual Franchise Tax balance before you can close your Delaware corporation. The Delaware Annual Franchise Tax is assessed if the company is active at any point during the calendar year. So we in order to dissolve your corporation, you will need to pay the Annual Franchise Tax for that year first.