Dissolution: how does it work and who can assist?

Before dissolving the company, you must comply with the reporting obligations and pay off the due taxes if any. That being said, you must file a final return for the year, even if you did not make income-- dissolving your company does not eliminate your reporting obligations.

Here are some helpful links for the Federal and State obligations:

• Federal reporting obligations ;
• State-level reporting obligations (the registered agent or Starcycle can help you with this).
  

Simplify the Process with Starcycle

At Firstbase, we understand that navigating the wind-down of your business can be overwhelming. That’s why we recommend Starcycle, our trusted partner for business dissolution services. Starcycle specializes in guiding entrepreneurs through the legal and administrative complexities of closing a business in the US.

You’ll receive 10% off Starcycle’s services if you mention you came from Firstbase when onboarding. To claim this discount, simply:

1. Visit Starcycle (here: https://starcycle.ai/partners/firstbase)
2. Book an onboarding call with Starcycle and mention Firstbase as your referral partner:
   
   

Starcycle’s team will handle the hard parts, from ensuring all documents are filed correctly to guiding you on resolving outstanding obligations.

Pricing starts at $300*, billed upfront and as a one-time fee.

Final pricing depends on various factors, including entity type, state of incorporation, and complexity.

Why It Matters

Failing to dissolve your business properly can lead to lingering liabilities, such as unexpected tax bills or lawsuits. Following the correct process ensures a clean break, protecting your reputation and financial well-being.

If you’re considering closing your business, don’t do it alone. Take advantage of Starcycle’s expertise and let them handle the complexities while you focus on your next chapter.