Simply abandoning a business or walking away without formally closing it is a severe financial and legal trap. Under state laws, the Secretary of State will continue to accumulate mandatory annual registration fees, franchise taxes, and compliance penalties against your company name indefinitely. Swyft Launch manages the formal legal process to close a business safely, terminating your ongoing state tax obligations with total transparency, absolute pricing integrity, and zero hidden loops.
State Fee: your state's own filing fee is additional.
Walking away from a company does not stop the government clock. Choosing to officially close a business legally cuts off your ongoing state franchise taxes, mandatory annual report filings, and structural state fee cycles forever.
Failing to formally close an LLC or Corporation leaves business owners, members, directors, officers, and shareholders exposed to massive government collection sweeps and personal penalty assessments. We secure your verified legal closure to safely safeguard your personal financial runway.
Many states require specific tax clearances and state registry reviews before a company can be legally wiped from the public index. Our dedicated documentation desk monitors these background channels to guarantee a 100% approved closure status.
Select your company's formation state, pick your exact entity type, and confirm your registered business name in under 60 seconds.
Our documentation managers review your entity's current standing, draft your official state-specific closing parameters, and format required internal certificates.
We route your finalized corporate closing files straight to the Secretary of State database and securely deliver your stamped, official Certificate of Dissolution directly to your dashboard.
No. If you just let your company become inactive, the state database continues to treat it as an active business. Franchise taxes, minimum state taxes, and late fees will continue to pile up. Eventually, the state will administratively dissolve your company, but the outstanding taxes and late interest remain an active, legal liability on the corporate records and its founders.
It is the official, legally binding certificate issued by the Secretary of State that formally validates your decision to close a business has been finalized. This certified stamped paper is required by all major U.S. commercial banks (like Chase or Bank of America) to officially shut down your corporate business checking accounts and financial merchant gateways.
Absolutely not. Aligned with our core company promise of Absolute Pricing Integrity, our business closure solution is a flat, single, one-time document preparation service. You pay our transparent preparation fee once per order, and your state filing fee goes 100% straight to your respective state treasury department.
A filing submitted to and accepted by the state.
Simply stopping operations, with no filing made.
What happens with the IRS, what it costs, and what else to take care of when you close your business.
Yes -- closing your business with the state doesn't automatically close it with the IRS. Separately, the IRS generally expects a final federal tax return marked as final, and if your business had an EIN, that account stays open with the IRS (EINs aren't reissued or reused) even after you've closed your business bank accounts and stopped operating. If you had employees, there are also final employment tax filings to take care of.
Swyft's fee for preparing and filing your articles of dissolution is a flat $99. Beyond that, your state charges its own separate filing fee to process the dissolution -- and because that fee (and whether your state requires proof of tax clearance or a final report first) varies by state, we show it as a separate line item once we know your business's state, rather than folding a guessed number into our own price.
Filing the dissolution itself is one piece of properly closing a business. A few other things are worth handling around the same time:
Once dissolution is filed, "winding up" is the process of actually closing out the business's affairs: settling debts and remaining obligations, distributing whatever assets are left to members according to your operating agreement (or state default rules if you don't have one), and doing a final accounting so there's a clear record of how the business was closed out.
Tell us which business you're closing, and we'll prepare and file the correct dissolution paperwork for your state.
Ready to close your business?
Pick the business you're dissolving and we'll take it from there.
Add This to My BusinessTell us which business you're closing and we'll prepare and file the correct, state-specific dissolution paperwork -- no need to track down the right form yourself.
We file the paperwork -- the correct state-specific articles of dissolution, prepared and submitted for you.
One flat fee -- $99 for our part of the filing; your state's own fee is separate.
A copy of your filing -- delivered to your dashboard once the state processes it, for your records.
State Fee: your state's own filing fee is additional.
We handle the state paperwork -- add it to a business you already have.
Add This to My Business