Dissolving Your Pennsylvania Company
Company Dissolution in Pennsylvania
To dissolve a company in Pennsylvania 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
To dissolve a Pennsylvania entity first step is to obtain a Tax Clearance Certificate from the Department of Revenue and the Department of Labor & Industry. The process can take as long as 4-5 months.
2. Filing Articles of Dissolution
Articles of Dissolution are filed with Pennsylvania Department of State. The processing of dissolution at the Pennsylvania Department of State level takes about 1 week.
3. Newspaper Publication
There are no newspaper publication requirements to dissolve a company in Pennsylvania.
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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