How To Terminate An LLC?

Review the LLC operating agreement and state law requirements

Vote to dissolve the LLC according to the operating agreement or member approval rules

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

Notify creditors, vendors, customers, and other business partners

Cancel business licenses, permits, and registrations

Close business bank accounts and credit accounts

Collect outstanding payments and settle remaining debts

Liquidate LLC assets and distribute proceeds to members

File final federal, state, and local tax returns

Mark tax returns as final and close employer tax accounts, if applicable

Cancel the LLC’s EIN account only if required by the IRS

Keep required business records after termination

Comply with any post-dissolution winding-up duties under state law

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