How to Dissolve or Cancel a Business Entity
Dissolving your business requires careful planning. You must comply with Ohio law, which requires updates with multiple state agencies. Additionally, you must ensure compliance with the business’s governing documents, the formation filing, bylaws, or the operating agreement. Given the complexity of this process, you may consider seeking legal advice.
At a minimum, you must file with the Secretary of State to dissolve or cancel your business. The Ohio Department of Taxation also has requirements that must be met. Finally, you may need to file with the Bureau of Workers Compensation, Ohio Unemployment Compensation, or other state, federal, and local agencies.