Company liquidation in Delaware

So, for a number of reasons, you have decided not to do business in Delaware. The procedure for closing a company involves submitting a special form of the Certificate of Cancellation document along with a cover letter to the Division of Corporations of the state. It must be filled out correctly. It is mandatory that the certificate be signed by an authorized manager from among the members of the company.

What do I need to specify in the Certificate of Cancellation?

To close a company, you need to fill in all the columns:

• full name of the company, as indicated in the company's registration documents
• date of filling in
• date of termination of activity;
• information about the person who filled out the certificate: name, position, etc.

The issue is resolved within 2-3 weeks after the document is completed.

In addition, you need to go through a number of other procedures. We advise you to contact the experienced specialists of the RegService in order not to waste time and not to have to start all over again.

If you need to liquidate a company in Delaware, additional costs include:

• a termination fee of $200 or more;
• payment of franchise tax.

Be sure to plan for these costs.

Quick liquidation of companies in Delaware

The circumstances that lead to the decision to close a business can vary. The specialists of RegService have faced both an incorrectly drawn up business plan, which led to sad consequences in terms of profitability, and various problems with business partners of their clients. Therefore, when starting a company in the United States, it is very important to think carefully and weigh the pros and cons of such a decision. Tax planning, documentation, and issues related to legal addresses need to be carefully considered.

A state with the highest number of legal entities, such as Delaware, may not always be suitable. There is a lot of competition here, which a novice businessman may not be able to withstand.

The high tax burden is often the reason for closing a business: a corporate tax of 8.7% and, for some companies, a franchise tax of $175 to $250,000 (the number and type of shares plays a role).

Close a company in Delaware in accordance with the established procedure

Liquidation of a company (Delaware) will lead to relief from administrative and fiscal obligations. If you do not conduct business, you still need to submit reports. You cannot leave the company, you will still have to pay taxes.

Liquidation of a company in Delaware from RegService

Closing a company can be done in the shortest possible time. It is important to seek help from a company that works specifically with the state of Delaware.

To get advice from an experienced registration specialist who works with companies in the United States, including in this state, do not hesitate:

• call the numbers listed;
• send an e-mail;
• use messengers.

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