How to Close a Business
How to Close a Business
Inactive business? Until you formally close it with your state, the fees, taxes, and penalties keep accumulating. We handle the entire closure and file it with your state for you. $99 + state fees, all 50 states.
Filling out details
Preparing documents
Filing with state
Articles of Dissolution
California — Secretary of State
Dissolution complete
Sunrise Holdings LLC
Successfully Dissolved
Why Formally Closing Your Business or Company Matters
Simply stopping operations doesn’t close your business or company. Until you file formal dissolution paperwork, your company remains a legal entity, which means ongoing state fees, franchise taxes, annual report requirements, and IRS filing obligations. Properly closing your business protects you from accumulating penalties and personal liability.
How It Works
We handle the rest.
Inactive business? Until you formally close it with your state, the fees, taxes, and penalties keep accumulating. We handle the entire closure and file it with your state for you. $99 + state fees, all 50 states.
Step 1: Vote to Close the Business
For LLCs, the members must vote to dissolve according to the operating agreement. For corporations, the board of directors must approve a resolution to dissolve, followed by a shareholder vote. Document this decision in writing. You’ll need it for state filings.
Step 2: Settle Debts and Obligations
Before filing dissolution paperwork, you must notify creditors, settle outstanding debts, and distribute any remaining assets to owners. Some states require you to publish a notice of dissolution in a local newspaper. Check your state’s specific requirements.
Step 3: File Dissolution with the State
File Articles of Dissolution (or Certificate of Cancellation in some states like Delaware) with your state’s Secretary of State. Each state has its own forms, fees, and processing times. Some states also require a Tax Clearance Certificate before they’ll accept your dissolution filing.
IRS EIN Closure
Step 4: Close Your IRS Account
File your final federal tax return and send a letter to the IRS requesting closure of your business tax account (EIN cancellation). The IRS does not automatically know when you dissolve at the state level. You must notify them separately.
Step 5: Close State Tax Accounts
Close any state-level tax accounts, including sales tax permits, payroll tax accounts, and state income tax registrations. Each state has its own process for closing these accounts.
Common Mistakes When Closing a Business
assuming the state will close your business automatically
not filing a final tax return
forgetting to cancel your EIN with the IRS
not settling debts before dissolving
not closing your business in all states where it’s registered. Any of these can lead to penalties, ongoing fees, or personal liability.
Why Us
Let Professionals Handle It
Closing a business involves multiple steps across state and federal agencies. Our service handles the entire process, from preparing dissolution documents to filing with the Secretary of State and closing your IRS account. Starting at $99 for state-only closure or $599 for complete closure including IRS.
24+ Years of Experience
No Lawyer Needed
We Handle Everything
Pricing
Simple, Transparent Pricing
No retainers. No hourly fees. One flat rate plus your state’s filing fee.
State-Only Closure
+ state filing fees
- Drafting of Owners Resolution to Dissolve.
- State Dissolution Paperwork Preparation.
- Filing directly with the Secretary of State.
Complete Closure (State + IRS)
+ state filing fees
- Everything in State-Only, PLUS:
- Final tax year IRS Forms filing.
- Federal Tax Account Termination Request (Closes your account to stop future IRS obligations).
FAQ
Frequently Asked Questions
Inactive business? Until you formally close it with your state, the fees, taxes, and penalties keep accumulating. We handle the entire closure and file it with your state for you. $99 + state fees, all 50 states.
Ready to Dissolve Your LLC?
Inactive business? Until you formally close it with your state, the fees, taxes, and penalties keep accumulating. We handle the entire closure and file it with your state for you. $99 + state fees, all 50 states.