Closing a North Carolina Business
- If you want to close a North Carolina business, you do so by voluntarily filing Articles of Dissolution for the entity type (Business Corporation, Nonprofit Corporation, Limited Liability Company (LLC)).
- Once you have voluntarily dissolved by filing Articles of Dissolution the company may only do those activities to wind up the affairs of the company.
- If you change your mind after filing Articles of Dissolution for a Business or Nonprofit Corporation and it is within 120 days of the effective date of the voluntary dissolution, you may revoke the voluntary dissolution by filing Articles of Revocation of Dissolution.
- Should you need specific guidance regarding anything other than filing the documents, consult an attorney of your choosing.
Forms and Fees:
Business Corporation
A Business Corporation must either file Articles of Dissolution Prior to the Issuance of Shares or Articles of Dissolution by Board of Directors and Shareholders. Which document depends upon the circumstances of the company at the time of voluntary dissolution.
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B-05 • $30.00 • Form used to dissolve an entity by its incorporator(s) or directors prior to issuance of shares. -
B-06 • $30.00 • Form used to dissolve an entity by its directors and shareholders.
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B-07 • $10.00 • Form used to revoke articles of dissolution within 120 days of voluntary dissolution filing.
Nonprofit Corporation
A nonprofit corporation must either file Articles of Dissolution Prior to the Commencement of Activities or Articles of Dissolution by Board of Directors, Members, and/or Third Parties. Which document depends upon the circumstances of the company at the time of voluntary dissolution.
A plan of dissolution, which specifies how the nonprofit corporation’s remaining assets shall be distributed, must be attached to the Articles of Dissolution.
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N-05 • $15.00
• Form used when a nonprofit has not commenced activities and wishes to voluntarily dissolve -
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N-07 • $10.00
• Form used when a nonprofit wishes to revoke its voluntary dissolution.
Limited Liability Company
A limited liability company must file Articles of Dissolution.
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L-07 • $30.00 • used to dissolve an LLC entity upon the records of the Secretary of State’s Office.
Payment
Make checks payable to the North Carolina Secretary of State and mail to:North Carolina Secretary of State
Business Registration Division
PO Box 29622
Raleigh, NC 27626-0622