How Do You Terminate Your LLC? [2023]

Terminating your LLC isn't as simple as just deciding to do it. Theres legal formalities, tax returns, and assets to take care of. But don't worry, we've boiled it down to the basic steps you need to take. And we've also looked at some different aspects that could change those steps, depending on what state you operate it!
💡How do you terminate your LLC??
💡What do you mean by dissolving your LLC?
💡And how do I cancel my EIN number?
🔵 And much more!
Want to see our playlist on tax advice for LLC's?
Check it out here: • Taxes for Content Crea...
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- CHAPTERS -
0:01 - Introduction
0:47 - LLC Dissolution
1:12 - LLC Termination
1:45 - Vote to Dissolve
2:13 - Notify all relevant parties of the dissolution
2:44 - Settle the companies debts
3:11 - Distribute remaining assets
3:37 - File all final tax returns
3:48 - Cancel all licenses and permits
4:07 - File the articles of dissolution
4:35 - Notify the IRS and close your EIN account
5:15 - State Specific Regulations
5:25 - Filing Requirements
5:46 - Fees
5:57 - Publishing Requirements
6:07 - Tax Clearance
6:20 - Winding Up Period
6:36 - Summary
6:48 - Startglobal LLC Packages!
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the team at StartGlobal. The speaker does not guarantee any particular outcome.
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