In order to properly close a corporation or LLC that is no longer transaction business the company must file Articles of Dissolution with the state of incorporation. Neglecting to file Articles of Dissolution for a company that is no longer active may expose the corporation or LLC to uneccesarry recurring fees or taxes.

Requirements to file Articles of Dissolution:

The company must be in good standing with the state of incorporation and cannot be in arrears of franchise taxes or annual reporting requirements. In the event that it is the entity a return to good standing would be required in order to proceed with the dissolution.