Nevada Company Dissolution
If you’re ready to wind down your Nevada Corporation and remove it from the company register, we’re here to assist you with our Nevada Dissolution services. We’ll handle the drafting of your dissolution paperwork and manage the official process of dissolving your Nevada company.
| Nevada Company Dissolution fees | |
|---|---|
| Nevada Dissolution fee | £540 |
| Company Search | £60 |
| Due Diligence – Directors and Shareholders | £120 |
| Expedited State Dissolution fee | $304 |
| Business Entity Tax filing | $360 |
| Certificate of Dissolution | $200 |
Nevada Dissolution Process
Dissolving a Corporation in Nevada involves several essential steps to ensure compliance with state regulations:
- Approval by Shareholders: Shareholders may need to vote and reach an agreement on the dissolution, depending on the corporation’s bylaws and state laws.
- Notify Creditors: The corporation must inform its creditors about the planned dissolution and settle any outstanding debts or obligations.
- File Certificate of Dissolution: We’ll assist in filing a Certificate of Dissolution with the Nevada Division of Corporations, formally notifying the state of the corporation’s intention to dissolve.
- Tax Clearance: Nevada mandates obtaining tax clearance from the Nevada Division of Revenue before dissolution. This requires filing final tax returns and clearing any outstanding taxes.
- Notify Other Agencies: Depending on the business’s nature and activities, other agencies such as the IRS, the Department of Labor, or regulatory bodies may need to be notified.
- Distribution of Assets: After settling debts and liabilities, remaining assets should be distributed to shareholders.
- Close Bank Accounts and Cancel Business Contracts: Close any remaining bank accounts and cancel ongoing business contracts in the corporation’s name.
It’s crucial to adhere to all necessary steps and requirements to avoid legal or financial consequences.
Please note: To qualify for a short-form dissolution, the corporation must have zero assets and have consistently paid the minimum state tax & annual report fees Additional filings or taxes may be necessary to complete this process.
Tax Clearance
Before filing a Certificate of Dissolution, Nevada requires obtaining tax clearance from the Nevada State Department of Taxation to confirm that the corporation has no outstanding taxes or unfiled returns. We’ll handle this process by submitting a final corporate tax return. Once all required returns are filed and taxes are paid, the Department of Taxation will provide written consent for the dissolution process to proceed.
Certificate of Dissolution
Following the corporation’s dissolution, it’s essential to submit a Certificate of Dissolution to the Division of State. This certificate should include:
- The corporation’s name
- The date of filing the certificate of incorporation with the Department of State
- Names and addresses of each corporation officer and director
- A declaration of the corporation’s decision to dissolve
- An explanation of the authorized dissolution method
To start the process, we require copies of the company documents, please upload: Company Documents if you don’t have them, we may be able to get them from the registry.
We will then inspect the company file at the Nevada Division of Corporations.