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Question added to topic Legal Basics For StartupsAugust 13, 2008

How do I close an incorporated business that never got off the ground?

I started a business about 15 years ago. Because of sickness, I couldn't get it off the ground. I never had any revenue or inventory. Now the credit people have it listed as a current business. How do I unincorporate?
The proper way to close a business is to file a certificate of dissolution with your secretary of state. There will be other papers you need to file in order to confirm that you don't owe any back taxes to your state and that you're not shafting any creditors.

A local business attorney should be able to help you with this--if you've not had a lot of activity in this business, it should not be a complicated process.

Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.

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