How to Dissolve a LLC in Connecticut (How to legally Close a Connecticut Business)
CONNECTICUT BUSINESS SERVICES CORPORATION Incorporate in Connecticut Connecticut Professional Corporation Connecticut Nonprofit Corporation CT Corporation Foreign Qualification Connecticut Corporation Annual Report Connecticut Corporation Dissolution LLC Form a LLC in Connecticut CT LLC Foreign Qualification Connecticut LLC Annual Report Connecticut LLC Dissolution OTHER CONNECTICUT BUSINESS SERVICES Connecticut Good Standing Certificate Connecticut Apostille Connecticut DBA Name Connecticut Registered Agent CT Corporation Kit and Seal Connecticut Certified Copies CT Business Reinstatement CT Company Name Reservation CT Tax Status Compliance Certificate CT Attorney Good Standing Certificate Connecticut Property Deed CT Employer Requirements QUICK ENTRY FORMS Connecticut Incorporation Connecticut LLC CT Professional Corporation CT Nonprofit Corporation CT Foreign Corporation CT Foreign LLC CT LLC Dissolution CT Corporation Dissolution CORPORATE GLOSSARY   Administrative Dissolution Agent for Service of Process Apostille Apportionment Articles of Incorporation Articles of Organization Assumed Name At Will LLC Authorized Shares B Corporation Benefit Corporation Board of Directors Business Dissolution Business Entity Bylaws Certificate of Existence Certificate of Status Certified Copy Close Corporation Common Stock Conversion Corporate Bylaws Corporate Name Reservation Corporate Stock DBA Disregarded Entity Dividends ESOP Excise Tax Federal Tax ID Ficticious Name Foreign Qualification Franchise Tax General Partnership Good Standing Certificate Incorporator Involuntary Dissolution IRS Form 966 ITIN Limited Liability Company Limited Partnership Liquidation LLC LP Majority Shareholder Meetings Merger Nexus Non-Stock Corporation Nonprofit Corporation Obligated Member LLC Organizer Paid-in Capital Paid-in Surplus Par Value Personal Service Corporation Preferred Stock Privilege Tax Professional Corporation Professional Service Proxy Registered Agent Registered Office Reporting Requirements Revocation S Corporation Series LLC Service Mark Shareholder Sole Proprietor Stated Capital Statutory Agent Stock Certificate Term LLC Trade Name Trademark Trust Trustee Winding Up	What is Connecticut LLC Dissolution? A Connecticut LLC is created when the CT Secretary of State approves the Articles of Organization. A record of the Connecticut LLC is added to the list of LLCs which have officially registered with the Connecticut Secretary of State.  Once a LLC is registered with the Connecticut Secretary of State, that LLC immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   more... less... A Connecticut LLC is created when the CT Secretary of State approves the Articles of Organization. A record of the Connecticut LLC is added to the list of LLCs which have officially registered with the Connecticut Secretary of State.  Once a LLC is registered with the Connecticut Secretary of State, that LLC immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   If you've registered a Connecticut LLC with the Connecticut Secretary of State and want to cease business activities you have to let the CT Secretary of State know that you intend to close your company.  Only after the CT Secretary of State has made sure that all of the obligations of the Connecticut LLC have been fulfilled will the Secretary of State approve of the closure of the company. When the Connecticut Secretary of State approves the closing of a CT LLC, that Connecticut LLC is said to be Dissolved.   The process of Dissolving a Connecticut LLC is called Connecticut LLC Dissolution. For Connecticut Business Entity Tax purposes, a Connecticut LLC is subject to tax during the tax year in which the CT Limited Liability Company's Articles of Organization were filed with the Connecticut Secretary of State, for the tax year in which the CT LLC's Articles of Dissolution are filed with the Connecticut Secretary of State and all intervening tax years. Why do I need to Dissolve a Connecticut LLC? As soon as a Connecticut LLC is registered with the CT Secretary of State, that LLC is responsible for recurring obligations of the Connecticut Secretary of State and the Connecticut Department of Revenue Services.  If the Connecticut LLC does not file reports or pay taxes then that CT Limited Liability Company could be responsible for penalties which go up as time goes by. Unless you Dissolve your Connecticut LLC with the Connecticut Secretary of State that CT Limited Liability Company will be responsible for all recurring fees and penalties. What do I have to do to Dissolve a Connecticut LLC? Connecticut LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Connecticut LLC Dissolution is one part of a larger process commonly called the "Winding Up" process. There are things you need to do before you can request approval of LLC Dissolution from the Connecticut Secretary of State; and things that you have to do after the CT Secretary of State has approved Dissolution of the Connecticut LLC.  What you have to do both before and after the Connecticut LLC is Dissolved largely depends on if the Connecticut LLC has commenced business and how many assets, debts and liabilities, if any, that the CT Limited Liabilty Company has.  If the Connecticut LLC has not commenced business then the CT Limited Liability Company Dissolution process is easier. What do I have to do before I Dissolve a Connecticut LLC? Things you need to do before you Dissolve a Connecticut LLC.   1. Hold a Members meeting and record a resolution to Dissolve the Connecticut LLC   2. File all required Annual Reports with the Connecticut Secretary of State   3. Clear up any business debt   4. Pay all taxes and administrative fees owed by the Connecticut LLC more... less... 1. Hold a Members meeting and record a resolution to Dissolve the Connecticut LLC If the Connecticut LLC has any Members then a meeting should be held and a vote to Dissolve the Connecticut Limited Liability Company taken. Minutes of the meeting should be recorded and retained in the business records. If the Connecticut LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the Connecticut LLC. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Connecticut Secretary of State. 2. File all required Annual Reports with the Connecticut Secretary of State The Connecticut Secretary of State will not approve the Dissolution of a CT LLC until all required reports have been filed. We can file any required Annual Report with the CT Secretary of State. 3. Clear up any business debts All creditors of a Connecticut LLC should be given notice of the pending LLC Dissolution. Each creditor should be given a mailing address to which they may submit claims as well as a deadline by which claims may be submitted. 4. Pay all taxes and administrative fees owed by the Connecticut LLC The Connecticut Secretary of State will definitely not approve the Dissolution of a Connecticut LLC until all outstanding taxes and applicable registration and administrative fees have been paid. less... What do I have to do after I Dissolve a Connecticut LLC? Things you have to do after you Incorporate in Connecticut.   1. Distribute all remaining assets of the Connecticut LLC   2. Close all business bank accounts of the Connecticut LLC   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the CT LLC's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Connecticut LLC If the Connecticut LLC has any remaining assets, these may be divided according to the Members' ownership interests in the CT Limited Liability Company.  All distributions to LLC Members must be reported to the IRS. 2. Close all business bank accounts of the Connecticut LLC If there are any business accounts that have been opened for the Connecticut LLC then those accounts must be closed. If Company Business accounts are left open there may be liability and obligations of the Dissolved Connecticut LLC which could lead to legal problems down the line. 3. Cancel all local business licenses and permits of the CT LLC If the Connecticut LLC has obtained any state, regional, county or city business licenses or permits, each of those must be cancelled to avoid any reporting or fiscal obligations of the Connecticut LLC. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 Most Dissolved Connecticut LLCs must file IRS Form 966 with the US Internal Revenue Service. If a Connecticut LLC is required to file IRS Form 966, the filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Connecticut LLC has been legally Dissolved so that it may take the appropriate actions. We can prepare IRS Form 966 for you to file. 5. Cancel the IRS account associated with the CT LLC's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Connecticut LLC.  Once the IRS links an EIN to a Connecticut LLC, that EIN stays with the Connecticut LLC even after the Company has been Dissolved by the Connecticut Secretary of State. When the IRS processes the final tax return for the Connecticut LLC, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future. If you should decide to revivie the Connecticut LLC down the line then the IRS will reactivate the old EIN for your new Business. Before a Connecticut LLC can close an EIN account, it must be in Good Standing with the IRS.  The Connecticut LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Connecticut LLC cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe. We can prepare the formal documents which you can sign and submit to the IRS in order to close the account associated with your EIN. How long does it take to Dissolve a Connecticut LLC? The time it takes to Dissolve a Connecticut LLC varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Connecticut Secretary of State usually takes around 3-5 business days to process the Articles of Dissolution.    more... less... The time it takes to Dissolve a Connecticut LLC varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Connecticut Secretary of State usually takes around 3-5 business days to process the Articles of Dissolution. Processing times for Connecticut LLC Dissolution filings vary depending on the work load of the Secretary of State's staff.  We've found that normal processing of Connecticut Dissolution filings takes the state around 3-5 business days. PLEASE NOTE: WE CANNOT GUARANTEE CONNECTICUT SECRETARY OF STATE PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Connecticut Secretary of State . In our experience 3-5 business days is the time it usually takes the Connecticut Secretary of State to process a Connecticut Dissolution filing. We get your Connecticut LLC Dissolution filing to the CT Secretary of State ASAP. Once it is at the state we have no control over the Connecticut Dissolution approval process. How much does it cost to Dissolve a LLC in Connecticut? The total cost to Dissolve a Connecticut LLC varies depending on exactly what is required for each specific CT Dissolution. We charge $224.00 plus any state fees for our Connecticut LLC Dissolution services. This includes: Same day processing Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Articles of Dissolution with the Connecticut Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel Federal EIN account Certified copy of Dissolution filing from CT Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Connecticut LLC Dissolution services separately as explained on the right side of this web page. What do I have to do if I want to Dissolve a Foreign LLC that is tied to a CT Domestic LLC? If there are Foreign LLCs in states other than Connecticut that are tied to the Domestic Connecticut LLC then each of those Foreign LLCs must be Dissolved before the Connecticut LLC is legally Dissolved. How long before someone can use my LLC name in Connecticut after I Dissolve? A Connecticut Limited Liability Company company name becomes available for anyone to use when the CT LLC is Dissolved by the Connecticut Secretary of State. There are no LLC company name protections in Connecticut once a Connecticut LLC has been Dissolved by the Connecticut Secretary of State. Do I have to publish a Notice of Dissolution of the Connecticut LLC? There are no state of Connecticut requirements for the publication of a Notice of Dissolution of a Connecticut LLC. While the Connecticut Secretary of State does not legally require the publication of a Notice of Dissolution of a Connecticut LLC, publication is a good way to notify anyone who might have a claim against the Connecticut LLC.  Evidence of publication might prove useful down the line if someone makes a claim against the CT Limited Liability Company after the Connecticut LLC has been dissolved.	CONNECTICUT LLC DISSOLUTION SERVICES For $224.00 our Connecticut LLC Dissolution Services include: Same day processing explain We will start processing your Connecticut LLC Dissoltion filing on the same day that you submit your order.  We get your CT LLC Dissolution filing to the Connecticut Secretary of State as fast as possible.  Once they get the application, the CT Secretary of State usually takes 3-5 business days to process a Connecticut LLC Dissolution filing. Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Articles of Dissolution with the Connecticut Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel the Federal EIN account linked to the Connecticut LLC Certified copy of LLC Dissolution filing from CT Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE CONNECTICUT DISSOLUTION SERVICES If you don't need our complete Connecticut LLC Dissolution package we offer our Dissolution services separately check the box next to any option, price will be calculated automatically Transcribe Member meeting minutes - $75.00   explain After the decision is made to Dissolve a Connecticut LLC, a meeting of all Members of the CT LLC must be held to approve the LLC Dissolution. A majority of LLC Members must approve the Connecticut LLC Dissolution plan. The approval actions should be documented and kept in the business records. We will transcribe the minutes of the Member meeting into a format that is legally acceptable in the state of Connecticut. We will also compile a formal resolution to Dissolve the Connecticut LLC for your records. Prepare and file Articles of Dissolution - $75.00   explain As soon as the preliminary Connecticut LLC Dissolution actions are completed we will prepare and file the Articles of Dissolution with the Connecticut Secretary of State in the quickest way possible Prepare IRS Form 966 - $65.00   explain Most, but not all, Dissolved Connecticut LLCs must file IRS Form 966 with the US Internal Revenue Service. If you are not sure about your specific IRS Form 966 filing requirements you should contact an accountant. If a Connecticut LLC is required to file IRS Form 966, the filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Connecticut LLC has been legally Dissolved. We will prepare IRS Form 966 for you to file. Prepare EIN cancellation documents - $65.00   explain A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Connecticut LLC.  Once an EIN is linked to a Connecticut LLC by the IRS, that EIN stays with the Connecticut LLC even after the Company has been Dissolved by the Connecticut Secretary of State. When the IRS processes the final tax return for the Connecticut LLC, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed by the IRS.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account - or with the IRS - in the future. We will prepare formal documents to get your Connecticut LLC's EIN account closed as quickly as possible. Processing fees $224.00 Connecticut Dissolution fees $105.00 Optional services $0.00 Total cost $329.00 OUR ADVANTAGE We start processing your Connecticut LLC Dissolution order as soon as it arrives. We get your documents to the Connecticut Secretary of State in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Connecticut Dissolution services we will refund 100% of your processing fees. We've been helping LLCs legally Dissolve in Connecticut for over ten years.  Our A+ BBB rating speaks for itself! 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