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Have a board of directors' meeting. Have a shareholders' meeting in order to approve the motion to dissolve the corporation. Submit a written Consent to Dissolution to the Tennessee Secretary of State. Submit any required annual reports to the Tennessee Secretary of State.

Tennessee requires two forms be filed with the Secretary of State's Division of Business Services. The first form is a notice of dissolution form, which is available online, along with instructions. There is a fee for filing and it is usually processed within 3-5 business days.

Notify affected parties. Determine an end date for your business. Pay financial obligations. Cancel all licenses and permits. Notify the Tennessee Department of Revenue. File final tax returns and close tax accounts. Be prepared to provide tax and financial information to business and tax authorities upon request.

Tennessee businesses are not legally required to obtain a certificate of existence. However, your business may choose to get one if you decide to do business outside of Tennessee or get a business bank account.

Just as you filed paperwork with the state to form your LLC, you must file articles of dissolution or a similar document to dissolve the LLC. These papers are filed with the same state agency that handed your original LLC formationusually the secretary of state.

Agree to Dissolve. The first step to close an LLC is to make the formal decision to do so. Make It Official. Give Notice. Wrap up the Finances. Complete Your Taxes. Close Things Down. Divvy It Up.

Certificate Of Cancellation

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