Delaware Timetable for Canceling Your LLC

If you have stopped using one of your LLCs, make sure to cancel your LLC rather than just letting it go. The Delaware LLC cancellation process will ensure that your business is no longer active, halting any annual fees and tax obligations that you would otherwise have to continue paying. Whether the company didn’t turn out as planned or you feel the company has run its course and it’s time to shut down, Harvard Business Services, Inc. is here to assist with any cancellation needs.

To begin the Delaware LLC Cancellation process, you may file a Certificate of Cancellation with the State of Delaware directly or request that Harvard Business Services, Inc. assist you with the filing. If we assist, we create and fill out all the necessary documentation needed to cancel the company and send it to you for electronic signature. Once you sign the Certificate and return it to us, we will file it with the State of Delaware swiftly.

The cost when filing through Harvard Business Services, Inc. for a Delaware Certificate of Cancellation is $450 plus any applicable franchise tax. The State of Delaware requires that your Franchise tax is paid up-to-date, which also includes the current year. For example, if you would like to file a Certificate of Cancellation in the year of 2024, the Certificate needs to be filed by December 30th, 2024 with the State of Delaware and the 2024 Franchise tax balance also needs to be satisfied. Typically, the 2024 tax would not be due until June 1^st, 2025; however, the State requires that it be paid in tandem with the Delaware Certificate of Cancellation. If you were to file the Cancellation on or after January 1^st, 2025, then the 2024 and 2025 franchise tax payments need to be paid along with the Certificate of Cancellation. Here at Harvard Business Services, Inc., we understand that your money is important to you and we want to ensure that all avenues are clear before you begin your Cancellation process.

Please note - the turnaround times for canceling an LLC differ when filing directly with the State of Delaware versus filing through Harvard. The State’s typical turnaround time is 3-4 weeks and can be extended during the end-of-year chaos. If Harvard assists you with the filing, the turnaround time is drastically shortened, as our typical turnaround time is 3-5 business days.

Once the Delaware Certificate of Cancellation is approved, we email you the date-stamped Certificate of Cancellation from the Delaware Secretary of State. Our system is updated accordingly to reflect the Cancellation and no additional Registered Agent fees need to be paid to Harvard.

We understand that canceling an LLC due to any circumstance can be frustrating and overwhelming, but we are here to make the process as seamless as possible. Also, as always, if you change your mind, you can always renew your company at any time, and we will be right here to assist you accordingly.

Harvard Business Services, Inc. is here to serve you for all of your business needs, and we are only a short email or call away.