A New York Certificate of Discontinuance of Business is a document issued by the New York State Department of Taxation and Finance that officially terminates a business’s existence in the state. This document is necessary when a business is no longer actively operating in New York, either because it has been relocated to another state or because it has ceased operations completely. There are two types of New York Certificate of Discontinuance of Business: the Certificate of Dissolution and the Certificate of Cancellation. The Certificate of Dissolution is issued when a business is voluntarily terminating its operations, and the Certificate of Cancellation is issued when a business is involuntarily terminated due to bankruptcy or other legal action. Both types of certificates must be filed with the New York State Department of Taxation and Finance to officially discontinue the business’s existence in the state.
A New York Certificate of Discontinuance of Business is a document issued by the New York State Department of Taxation and Finance that officially terminates a business’s existence in the state. This document is necessary when a business is no longer actively operating in New York, either because it has been relocated to another state or because it has ceased operations completely. There are two types of New York Certificate of Discontinuance of Business: the Certificate of Dissolution and the Certificate of Cancellation. The Certificate of Dissolution is issued when a business is voluntarily terminating its operations, and the Certificate of Cancellation is issued when a business is involuntarily terminated due to bankruptcy or other legal action. Both types of certificates must be filed with the New York State Department of Taxation and Finance to officially discontinue the business’s existence in the state.
