simpleclosure.com

What It Is

SimpleClosure is a compliance service platform focused on company shutdowns and dissolutions. Its target customers are not people looking to register a new company, but founders who need to close down a startup, VC firms, and law firms. It emphasizes an end-to-end process that combines experts, lawyers, and a technology platform to handle legal dissolution, liquidation, investor distributions, state registration withdrawals, and document filing.

Core Services and Jurisdictions

Based on the available content, SimpleClosure covers a fairly detailed scope of work: filing dissolution documents in the state of incorporation, withdrawing foreign registrations, preparing board resolutions and shareholder consents, sending vendor and investor notices, creating a liquidation plan, handling asset sales, resolving debts, calculating investor waterfalls, distributing funds, and preparing release documents. Its FAQ also mentions wrap-up items such as IRS matters, payroll, insurance, bank accounts, customers, and employees. Jurisdictionally, the service is mainly focused on U.S. state-level requirements. The text specifically mentions Delaware, California, “state of incorporation,” and “foreign qualifications,” but there is no indication that it supports non-U.S. companies.

Pricing and Timeline

Pricing is based on custom quotes, with factors including industry, operational complexity, investment structure, and the number of foreign state registrations. The website claims to be 85% cheaper than the traditional process, but it does not publish a starting price or package tiers, so budget predictability is only moderate. In terms of timeline, most customers can complete dissolution within days or weeks, depending on how quickly the customer provides documents and signatures, as well as each state’s processing time. Some states may allow expedited processing for an additional state fee.

Pros and Cons

Its main advantage is its strong focus. Unlike a typical law firm or accountant that may only handle one part of the process, SimpleClosure centralizes management of more than 90 moving pieces involved in shutting down a company. Its dashboard and automated document workflows also help reduce the execution burden on founders. For VCs, structured records are useful for LP reporting and for reducing the future risks associated with “zombie companies.” The limitations are that pricing is not transparent, and complex cases still require meetings and assessment. The service is positioned around closing companies, not company formation, day-to-day bookkeeping, or long-term registered agent services. Virtual address, registered agent, and payment methods are not disclosed.

Best Fit and Access from China

SimpleClosure is best suited for U.S. startups that have run out of capital, cannot continue fundraising, and need a compliant wind-down. It is also suitable for VCs arranging an orderly shutdown for portfolio companies. Chinese users who hold a U.S. entity and need to dissolve it could consider SimpleClosure as a specialized U.S.-based service option. However, the website does not state whether it is accessible from China, whether cross-border payments are supported, or whether Chinese-language support is available, so China access can only be rated as unknown. Alternatives include using a combination of U.S. local lawyers, accountants, corporate secretarial/registered agent providers, and tax advisors.