How to Close Your LLC?

Review your LLC operating agreement for dissolution requirements

Vote to dissolve the LLC according to the agreement or state law

File articles of dissolution or termination with the state, if required

Notify creditors, vendors, customers, and other business contacts

Pay all outstanding debts, taxes, and obligations

Cancel business licenses, permits, and registrations

Close the LLC bank account after all transactions are complete

File final federal, state, and local tax returns

Mark final tax returns as final with the IRS and state tax agencies

Distribute any remaining assets to members according to ownership interests or the operating agreement

Keep records of dissolution, tax filings, and final payments

Cancel the LLC’s EIN only if required or instructed by the IRS

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