Terminating of LLC
How do I terminate an
LLC for a
company that had no business for 2 years and did not do any of the proper
filing for an
LLC. No taxes
were filed, no meeting minutes or any of the yearly fees were paid on the
LLC (does an
LLC have to
pay yearly fees?) Partner gave up and I continued to try to make it work via
a website I had written. I got a business license using that same company
name (my first mistake) in my name and social security #. I opened new
accounts bank, vendors etc. Everything is in my name I do all of the work.
keeps coming up and ex partner say they will shut it down in order to
LLC. Can they
do this at this point and how do we rid ourselves of that
LLC and can
they ask me for money? My name is on it along with 3 other people Does it
become in active or non operational if someone just lets it go?
If you can have
them execute a new
and relinquish all interest in the
llc, you don't
have to do anything else. Just continue using the
llc as the
sole member of it. Also, no minutes or meetings are required for LLCs. If
you want to terminate it, you need to have them sign the termination form as
well as pay all of the taxes owed to the state and the federal government.
is a trademark and
incorporation attorney that has
helped thousands of small
business owners and entrepreneurs
launch their first business
enterprise. He's also an
entrepreneur who operates several
successful businesses not related to
his law practice.
© E. Stassinos, Esq. 2005. All Rights Reserved.