How To Close An LLC?

Review the LLC operating agreement and state dissolution requirements

Hold a member vote to approve dissolution

File articles of dissolution or certificate of cancellation with the state

Notify creditors, customers, vendors, and other business partners

Settle all debts, obligations, and pending claims

Cancel business licenses, permits, and registrations

Close the business bank account

File final federal, state, and local tax returns

Pay all remaining taxes, fees, and penalties

Distribute remaining assets to members according to the operating agreement and state law

Cancel the LLC’s EIN account if required

Keep records of dissolution, tax filings, and final transactions

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