Keeping the company in good standing · A term for founders abroad
What is a certificate of cancellation?
dissolution. The filing that ends a Delaware LLC; Wyoming's equivalent is articles of dissolution. Closing the state record doesn't close the IRS account.
Checked against the IRS's instructions and the states' own rules. Reviewed by Saais Patel, compliance reviewer.
Term 17 of 105 in the glossary, filed under C.Delaware Division of Corporations: fee schedule
Certificate of Cancellation, for a founder abroad.
Closing an LLC properly ends with a state filing: a certificate of cancellation in Delaware, for $220 once every tax is paid, or articles of dissolution in Wyoming, for $60. When the state records it, the company ends under state law.
It doesn't end the federal side. A final Form 5472 with the pro forma 1120, marked final, covers the last year, and a letter to the IRS asks it to close the business account. Time it well: Delaware doesn't prorate, so a company still on its records on 1 January owes that year's tax.
Sources: Delaware Division of Corporations: fee schedule; IRS: closing a business.
Read next · guide · 3 minClosing a US LLC properly: the state filing, the final tax forms and the EINWhat founders ask next.
- How do I close my US LLC?
- Settle its debts, bring the state up to date, file the cancellation or dissolution, file the final federal forms, close the accounts and write to the IRS. Closing a US LLC has the order.
03 · See also
- Keeping the company in good standingAdministrative dissolutionA state ending a company that stopped filing or paying; usually reversible by reinstatement, at a cost, within a limited time.Read the term
- The EIN and IRS formsForm 5472The yearly IRS information return a foreign-owned US company files to report transactions with its foreign owner, with a $25,000 penalty for missing it.Read the term
- Keeping the company in good standingAnnual reportThe yearly filing a state requires to keep a company in good standing: $60 in Wyoming; a Delaware LLC files none and pays a yearly tax instead.Read the term
- Keeping the company in good standingWyoming annual report licence taxWyoming's yearly charge on an LLC: $60, or $0.0002 per dollar of Wyoming assets if more, due on the first day of the month it was formed in.Read the term
Ready when you are
Answer the questions. We do the filing.
It takes about four minutes. You see the whole order, Wyoming fee included, before anything is charged.
You're startingLLC · WY
Start a companyLaunch · $351.40 · Wyoming fee included