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New York . Dissolution

Close your New York business the right way.

Dissolution officially ends your New York entity. Covers state fee, tax considerations, final filings, and personal liability traps.

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Wind-up checklist

  • Member or shareholder vote to dissolve.
  • Notify creditors.
  • Pay all debts.
  • File final federal tax returns. Form 966 for Corps within 30 days.
  • File final state tax returns.
  • Cancel state tax accounts.
  • Close business bank accounts.
  • Distribute remaining assets.
Wind down

New York Dissolution: at a glance.

Formally close the entity with the state: stops annual report obligations and franchise tax accrual.

Filing details

How New York handles Dissolution.

Where to fileSecretary of State office, online portal, or by mail with the required fee.
TurnaroundStandard processing: 5-10 business days. Expedited service available for an additional state fee.
Required informationEntity name + ID, current officers and registered agent, principal office address.
Common pitfallsMismatched officer addresses, expired registered agent, missed prior reports causing administrative dissolution.
Frequently asked

New York Dissolution questions.

How much does Dissolution cost in New York?

The state filing fee varies. Check the current Secretary of State fee schedule, or use our formation cost calculator for the full year-one total.

How long does it take?

Standard processing is typically 5-10 business days. Most states offer expedited service for an additional fee.

Can File.Business handle the filing for me?

Yes. We file in all 51 jurisdictions on a flat $0 service fee + state cost basis. The Compliance Subscription bundles annual reports and registered agent service.

What happens if I miss a filing?

Late filings typically trigger penalties starting at $50-$400 depending on the state, plus the risk of administrative dissolution after 60-120 days delinquent.

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