Which one is cheaper? Renaming a Delaware LLC or dissolving and forming a new one?

To cancel a Delaware LLC, you would need to pay all of your taxes due, and then file a Certificate of Cancellation with the State. After that, you can form your new entity with your desired name. This means paying twice the taxes for at least one year and filing two new certificates with the state (cancellation and formation). That’s why it would be wiser to change the name of your entity by filing a Certificate of Amendment.

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