How To Dissolve An LLC?

Review the LLC operating agreement for dissolution requirements

Obtain member approval according to the operating agreement and state law

Hold a formal vote or written consent to dissolve the LLC

File articles of dissolution or a similar dissolution form with the state

Notify the IRS and cancel the LLC’s EIN if appropriate

Notify state tax agencies and cancel tax accounts

Cancel business licenses, permits, and registrations

Notify creditors, vendors, customers, and employees

Settle all outstanding debts and liabilities

Collect any money owed to the LLC

Sell or distribute LLC assets

File final federal, state, and local tax returns

Close the LLC’s bank accounts

Keep required business records for the legally required period

Follow any additional state-specific winding-up requirements

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