Dissolving Your Company in Nebraska
Company Dissolution in Nebraska
The Process
To dissolve a company in Nebraska 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 Nebraska.
2. Filing Articles of Dissolution
Articles of Dissolution are filed with Nebraska Secretary of State. The processing of dissolution at the Nebraska Secretary of State level takes about 2-3 days.
3. Newspaper Publication
When filing for dissolution, a notice of the dissolution is to be published for the same three successive weeks and must also include:
- Terms and conditions of such dissolution
- Name of managers/members conducting the business (official titles)
- Statement of assets and liabilities
Proof of publication must be filed with Nebraska Secretary of State once the announcement has run for the required amount of time.
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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