How to Dissolve a Sole Proprietorship in North Carolina
As a North Carolina business owner, you are required to register an assumed business name for your sole proprietorship if you are conducting business under a name other than your legal name. If you decide to upgrade your sole proprietorship to a corporation, or if you are no longer in business, you must dissolve the sole proprietorship. Unlike corporations, the dissolution of a sole proprietorship is not handled by the Secretary of State's Office. It is handled at the local level.
Other People Are Reading
Instructions
-
-
1
Visit the Register of Deeds Office for the county in which the sole proprietorship is registered.
-
2
Request a “Certificate of Dissolution” or “Withdrawal of Assumed Name” form. Depending upon the county, the name of this form may slightly vary. In some cases, the form can be downloaded and printed from the Register of Deeds Office website.
-
-
3
Complete the dissolution form by entering your name (or owner's name), business name, business address and the official date of dissolution.
-
4
Take the completed dissolution form to a notary public to get it notarized. Do not sign the dissolution form until you are in the presence of the notary public.
-
5
Submit the notarized form to the Register of Deeds Office along with the required processing fee. The processing fee to dissolve your sole proprietorship varies by county.
-
1
