Dissolution Process
To legally dissolve a business entity in Pennsylvania, there are several legally binding steps you must comply with before your business can cease to exist. Avoid penalties and lawsuits by following the proper dissolution process.
Steps for Dissolution
- Accomplish Tax Clearance: As a registered Pennsylvania Limited Liability Company (LLC), your corporation must pay all outstanding state taxes before filing dissolution paperwork. Obtain clearance certificates from the Pennsylvania Department of Revenue and the Bureau of Employment Security.
- File Articles of Dissolution: Mail or personally deliver the required Articles of Dissolution paperwork. The state charges a $70 fee.
- Notification: After filing, formally notify relevant parties of the dissolution.
- Out-of-State Ties: If your dissolving LLC has ties to other business entities in different states, those must also legally dissolve before the Pennsylvania LLC.
Additional Resources
Learn more by accessing useful articles, guides, tools, and legal forms on our website.
FAQ
How much does it cost to dissolve an LLC in PA?
To legally end a business in Pennsylvania, follow these steps. First, pay any taxes owed. Get clearance from the Revenue Department and Employment Bureau. Without these, assets may be seized. The filing fee for Articles of Dissolution is $70.
What is the difference between dissolution and termination in PA?
Research state laws on ending businesses. Identify unpaid taxes or lawsuits. Once you have prepared to dissolve, file the Articles of Dissolution by mail or in person and notify relevant parties.