Certificate of Cancellation of a Foreign Limited Liability Company - Delaware

Certificate of Cancellation of a Foreign Limited Liability Company is a legal document that was released by the Delaware Department of State - a government authority operating within Delaware.

FAQ

Q: What is a Certificate of Cancellation?
A: A Certificate of Cancellation is a legal document that officially terminates the existence of a foreign limited liability company (LLC) in the state of Delaware.

Q: What is a foreign limited liability company?
A: A foreign limited liability company is an LLC that was originally formed in a state other than Delaware but operates or conducts business in Delaware.

Q: Why would a foreign LLC need to file a Certificate of Cancellation in Delaware?
A: A foreign LLC may need to file a Certificate of Cancellation in Delaware if it decides to cease its business operations in the state or no longer wishes to maintain a presence there.

Q: What information is required to file a Certificate of Cancellation?
A: The exact information required may vary, but generally, it includes the name of the foreign LLC, the date of dissolution or termination, and a statement that all known debts and obligations of the LLC have been satisfied.

Q: How much does it cost to file a Certificate of Cancellation in Delaware?
A: The filing fee for a Certificate of Cancellation in Delaware is $200.

Q: What are the consequences of not filing a Certificate of Cancellation for a foreign LLC in Delaware?
A: Failure to file a Certificate of Cancellation may result in the foreign LLC continuing to be responsible for filing annual reports and paying fees in Delaware, even if it is no longer operating there.

Q: How long does it take to process a Certificate of Cancellation in Delaware?
A: The processing time for a Certificate of Cancellation varies, but it typically takes a few weeks to be completed.

Q: Does filing a Certificate of Cancellation in Delaware automatically cancel the LLC's registration in its home state?
A: No, filing a Certificate of Cancellation in Delaware does not automatically cancel the LLC's registration in its home state. The LLC must follow the necessary procedures in its home state to properly dissolve or terminate its existence.