How to Dissolve a Business in Texas
Dissolving a business is a complicated process. Texas laws impose several requirements that business owners must follow when seeking to dissolve their business. Whether you have an LLC, corporation, or other type of business entity, our firm can discuss your options and provide informative legal assistance.
What steps should you take to legally dissolve your Texas business?
- Conclude internal affairs and get approval from shareholders or partners
- File 2 signed copies of the Certificate of Termination
- File a Certificate of Account Status for Dissolution/Termination
- Provide the filing fee to the appropriate agency
Non-profit businesses do not need to attach a Certificate of Account Status for Dissolution/Termination document when they file their forms. This document can be obtained from the Texas Comptroller, and it states that your business has paid off all taxes under Title 2 of the Tax Code. Once all steps have been completed and the fees have been paid (typically $40 for LLCs, LPs, corporations, and other for-profit businesses), your business will be counted as fully and completely dissolved.
Call Our Dallas Business Law Attorneys Today at (214) 361-6740
At Hunnicutt Law Firm, we are passionate about providing the best possible representation to clients. If you are facing business dissolution, or you have other business law issues such as litigation, our firm can help. With a thorough knowledge of federal and state business laws, our Dallas business lawyers will work diligently for your case as you seek a beneficial outcome.
Contact us today to schedule a confidential case evaluation.