Our full service covers all the legal details. The Certificate of Cancellation we prepare will clearly explain:
-How your business debts and money owed will be handled.
-How your business assets (what your business owns) will be distributed.
-How you and your partners decided to close your business.
Important ! Only file the Certificate of Cancellation after your company has finished its business. It also needs to show that all current and future debts (for the next 10 years) will be paid before owners receive their share of the company’s money.
Properly canceling your Delaware LLC gives you legal peace of mind. After filing your Certificate of Cancellation, Delaware law gives you three years to fully finish closing your company’s affairs. This ensures a clean break for your business.
You will need to pay any Delaware Annual Franchise Tax that’s been assessed to your LLC before you can formally cancel the company. If you have been paying your Franchise Tax on time each year, this will just be $300. A Delaware LLC is assessed the Annual Franchise Tax if it is active at any point during a calendar year. So in order to cancel your LLC, you will need to pay the Franchise Tax for that calendar year first.