Dissolving a US LLC: Step-by-Step Articles of Dissolution and Tax Clearances

Dissolving a US LLC: Step-by-Step Articles of Dissolution and Tax Clearances
The statutory roadmap for legally winding down an LLC: member voting consent, liquidating liabilities, state tax clearances, and filing Articles of Cancellation.

Closing Down an LLC: Proper Legal Dissolution vs Administrative Forfeiture

Simply abandoning an LLC and allowing the state to administratively dissolve or revoke it is dangerous. Administrative forfeiture leaves members exposed to continuing minimum franchise taxes, state penalty accruals, and personal liability for unliquidated obligations.

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