Dissolution & Amendments
Winding down a company can be a complicated process as many issues need to be
considered. Some states require corporate tax returns to be filed before the dissolution is accepted. If payroll is processed, then it adds one more layer of complexity. In addition, if the entity operates in multiple states, then each state would need to be reviewed and dissolved apart from the main state of Incorporation.
At US Franchise CPA, we specialize in understanding the client’s objective and then devise a dissolution plan after considering all the various issues that affect the dissolution. A methodical approach that is customized to the franchisee’s requirement is essential to avoid any state notices after the dissolution and also to prevent any penalties for not filing returns or documents with any state.
The US Franchise CPA team can take care of any franchisee company amendments such as a change in office address, change in ownership, name change, DBA, reinstatement, and registered agent change. Filing these amendments is essential to ensure that your franchise is compliant with all the IRS and state rules. Company amendments on a timely basis are also required by the franchisor, banks, SBA and other companies with contractual obligations.
