Dissolving Your Company in DC
Company Dissolution in DC
To dissolve a company in DC first step is to have a meeting of its members (for LLC) or directors/shareholders (for corporation) and have a resolution drafted authorizing dissolution. Once such resolution was ratified, the process of dissolution involves the following steps:
1. Obaining Clearances & Consents
There are no clearances of consents required to dissolve a company in DC.
2. Filing Articles of Dissolution
Articles of Dissolution are filed with District of Columbia Department of Consumer and Regulatory Affairs. The processing of dissolution at the District of Columbia Department of Consumer and Regulatory Affairs level takes about 15 business days, with expedited option available (1-3 days).
3. Newspaper Publication
There are no newspaper publication requirements to dissolve a company in DC.
4. Updating Other Agencies & Company Documents
Don’t forget to notify the IRS and other state agencies regaring the dissolution. Also, make sure you file a “final” tax return for the company.
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