How to Shut Down a Business in Virginia
Complete guide to dissolving your business entity with the Virginia State Corporation Commission.
Quick Answer
To dissolve a business in Virginia, file Articles of Cancellation of a Virginia Limited Liability Company with the Virginia State Corporation Commission. The LLC filing fee is $25 and corporation fee is $25. Virginia does not require tax clearance before filing. Standard processing takes 7-10 business days.
Quick Facts
| Filing Agency | Virginia State Corporation Commission |
| Website | https://www.scc.virginia.gov/businesses/ |
| LLC Dissolution Fee | $25 |
| Corporation Dissolution Fee | $25 |
| Tax Clearance Required | No |
| Processing Time | 7-10 business days |
| Online Filing | Yes |
| Phone | (804) 371-9733 |
LLC Dissolution in Virginia
Steps to Dissolve an LLC
- 1 Vote to dissolve the LLC according to the operating agreement or by member consent
- 2 Wind up business affairs, settle debts, and distribute remaining assets
- 3 File final state tax returns with the Virginia Department of Taxation
- 4 Complete Form LLC-1050 — Articles of Cancellation
- 5 File Form LLC-1050 with the State Corporation Commission with $25 filing fee
- 6 Cancel any licenses, permits, and registrations
- 7 Close business bank accounts and cancel your EIN with the IRS
Corporation Dissolution in Virginia
Steps to Dissolve a Corporation
- 1 Hold a board of directors meeting to recommend dissolution
- 2 Obtain shareholder approval for the dissolution
- 3 Wind up business affairs, settle debts, and distribute remaining assets
- 4 File final state tax returns with the Virginia Department of Taxation
- 5 Complete Form SCC-743 — Articles of Dissolution
- 6 File Form SCC-743 with the State Corporation Commission with $25 filing fee
- 7 Cancel any licenses, permits, and registrations
- 8 Close business bank accounts and cancel your EIN with the IRS
Tax Requirements
Tax Agency: Virginia Department of Taxation
Phone: (804) 367-8031
Virginia does not require a formal tax clearance certificate for dissolution. However, you must file final income tax returns and settle any outstanding tax obligations. You should also complete the winding-up process and pay any outstanding debts and taxes before filing for dissolution.
Additional Requirements
Corporations must publish notice of dissolution one time in a newspaper of general circulation in the city or county of the principal/registered office, or post conspicuously for at least 30 days on the dissolved corporation's website.
Contact Information
Agency: Virginia State Corporation Commission
Address: 1300 East Main Street, 1st Floor, Richmond, VA 23219
Phone: (804) 371-9733
Email: sccinfo@scc.virginia.gov
Website: https://www.scc.virginia.gov/businesses/
Online Portal: https://cis.scc.virginia.gov/
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This guide is for informational purposes only and does not constitute legal advice. Information is sourced from official state websites and was last verified in 2026. Always confirm current requirements directly with the Virginia State Corporation Commission. Consult an attorney for advice specific to your situation.