How to Dissolve a LLC in Nebraska (How to legally Close a Nebraska Business)
NEBRASKA BUSINESS SERVICES CORPORATION Incorporate in Nebraska Nebraska Professional Corporation Nebraska Nonprofit Corporation NE Corporation Foreign Qualification Nebraska Corporation Annual Report Nebraska Corporation Dissolution LLC Form a LLC in Nebraska NE LLC Foreign Qualification Nebraska LLC Annual Report Nebraska LLC Dissolution OTHER NEBRASKA BUSINESS SERVICES Nebraska Good Standing Certificate Nebraska Apostille Nebraska DBA Name Nebraska Registered Agent NE Corporation Kit and Seal Nebraska Certified Copies NE Business Reinstatement NE Company Name Reservation NE Tax Status Compliance Certificate NE Attorney Good Standing Certificate Nebraska Property Deed NE Employer Requirements QUICK ENTRY FORMS Nebraska Incorporation Nebraska LLC NE Professional Corporation NE Nonprofit Corporation NE Foreign Corporation NE Foreign LLC NE LLC Dissolution NE 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 Nebraska LLC Dissolution? A Nebraska LLC is created when the NE Secretary of State approves the Articles of Organization. A record of the Nebraska LLC is added to the list of LLCs which have officially registered with the Nebraska Secretary of State.  Once a LLC is registered with the Nebraska 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 Nebraska LLC is created when the NE Secretary of State approves the Articles of Organization. A record of the Nebraska LLC is added to the list of LLCs which have officially registered with the Nebraska Secretary of State.  Once a LLC is registered with the Nebraska 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 Nebraska LLC with the Nebraska Secretary of State and want to cease business activities you have to let the NE Secretary of State know that you intend to close your company.  Only after the NE Secretary of State has made sure that all of the obligations of the Nebraska LLC have been fulfilled will the Secretary of State approve of the closure of the company. When the Nebraska Secretary of State approves the closing of a NE LLC, that Nebraska LLC is said to be Dissolved.   The process of Dissolving a Nebraska LLC is called Nebraska LLC Dissolution. The state of Nebraska does not require Tax Clearance from the NE Department of Revenue before a Nebraska LLC is dissolved. However the Nebraska LLC is required to file a final NE state income tax return with the Nebraska Department of Revenue. Why do I need to Dissolve a Nebraska LLC? As soon as a Nebraska LLC is registered with the NE Secretary of State, that LLC is responsible for recurring obligations of the Nebraska Secretary of State and the Nebraska Department of Revenue.  If the Nebraska LLC does not file reports or pay taxes then that NE Limited Liability Company could be responsible for penalties which go up as time goes by. Unless you Dissolve your Nebraska LLC with the Nebraska Secretary of State that NE Limited Liability Company will be responsible for all recurring fees and penalties. What do I have to do to Dissolve a Nebraska LLC? Nebraska LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Nebraska 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 Nebraska Secretary of State; and things that you have to do after the NE Secretary of State has approved Dissolution of the Nebraska LLC.  What you have to do both before and after the Nebraska LLC is Dissolved largely depends on if the Nebraska LLC has commenced business and how many assets, debts and liabilities, if any, that the NE Limited Liabilty Company has.  If the Nebraska LLC has not commenced business then the NE Limited Liability Company Dissolution process is easier. What do I have to do before I Dissolve a Nebraska LLC? Things you need to do before you Dissolve a Nebraska LLC.   1. Hold a Members meeting and record a resolution to Dissolve the Nebraska LLC   2. File all required Biennial Reports with the Nebraska Secretary of State   3. Clear up any business debt   4. Pay all taxes and administrative fees owed by the Nebraska LLC more... less... 1. Hold a Members meeting and record a resolution to Dissolve the Nebraska LLC If the Nebraska LLC has any Members then a meeting should be held and a vote to Dissolve the Nebraska Limited Liability Company taken. Minutes of the meeting should be recorded and retained in the business records. If the Nebraska LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the Nebraska LLC. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Nebraska Secretary of State. 2. File all required Biennial Reports with the Nebraska Secretary of State The Nebraska Secretary of State will not approve the Dissolution of a NE LLC until all required reports have been filed. We can file any required Biennial Report with the NE Secretary of State. 3. Clear up any business debts All creditors of a Nebraska 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 Nebraska LLC The Nebraska Secretary of State will definitely not approve the Dissolution of a Nebraska 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 Nebraska LLC? Things you have to do after you Incorporate in Nebraska.   1. Distribute all remaining assets of the Nebraska LLC   2. Close all business bank accounts of the Nebraska LLC   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the NE LLC's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Nebraska LLC If the Nebraska LLC has any remaining assets, these may be divided according to the Members' ownership interests in the NE Limited Liability Company.  All distributions to LLC Members must be reported to the IRS. 2. Close all business bank accounts of the Nebraska LLC If there are any business accounts that have been opened for the Nebraska LLC then those accounts must be closed. If Company Business accounts are left open there may be liability and obligations of the Dissolved Nebraska LLC which could lead to legal problems down the line. 3. Cancel all local business licenses and permits of the NE LLC If the Nebraska 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 Nebraska LLC. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 Most Dissolved Nebraska LLCs must file IRS Form 966 with the US Internal Revenue Service. If a Nebraska 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 Nebraska 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 NE LLC's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Nebraska LLC.  Once the IRS links an EIN to a Nebraska LLC, that EIN stays with the Nebraska LLC even after the Company has been Dissolved by the Nebraska Secretary of State. When the IRS processes the final tax return for the Nebraska 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 Nebraska LLC down the line then the IRS will reactivate the old EIN for your new Business. Before a Nebraska LLC can close an EIN account, it must be in Good Standing with the IRS.  The Nebraska LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Nebraska 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 Nebraska LLC? The time it takes to Dissolve a Nebraska 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 Nebraska Secretary of State usually takes around 3-5 business days to process the Statement of Dissolution.    more... less... The time it takes to Dissolve a Nebraska 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 Nebraska Secretary of State usually takes around 3-5 business days to process the Statement of Dissolution. Processing times for Nebraska LLC Dissolution filings vary depending on the work load of the Secretary of State's staff.  We've found that normal processing of Nebraska Dissolution filings takes the state around 3-5 business days. PLEASE NOTE: WE CANNOT GUARANTEE NEBRASKA SECRETARY OF STATE PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Nebraska Secretary of State . In our experience 3-5 business days is the time it usually takes the Nebraska Secretary of State to process a Nebraska Dissolution filing. We get your Nebraska LLC Dissolution filing to the NE Secretary of State ASAP. Once it is at the state we have no control over the Nebraska Dissolution approval process. How much does it cost to Dissolve a LLC in Nebraska? The total cost to Dissolve a Nebraska LLC varies depending on exactly what is required for each specific NE Dissolution. We charge $224.00 plus any state fees for our Nebraska LLC Dissolution services. This includes: Same day processing Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Statement of Dissolution with the Nebraska 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 NE Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Nebraska 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 NE Domestic LLC? If there are Foreign LLCs in states other than Nebraska that are tied to the Domestic Nebraska LLC then each of those Foreign LLCs must be Dissolved before the Nebraska LLC is legally Dissolved. Do I have to publish a Notice of Dissolution of the Nebraska LLC? There are no state of Nebraska requirements for the publication of a Notice of Dissolution of a Nebraska LLC. While the Nebraska Secretary of State does not legally require the publication of a Notice of Dissolution of a Nebraska LLC, publication is a good way to notify anyone who might have a claim against the Nebraska LLC.  Evidence of publication might prove useful down the line if someone makes a claim against the NE Limited Liability Company after the Nebraska LLC has been dissolved.	NEBRASKA LLC DISSOLUTION SERVICES For $224.00 our Nebraska LLC Dissolution Services include: Same day processing explain We will start processing your Nebraska LLC Dissoltion filing on the same day that you submit your order.  We get your NE LLC Dissolution filing to the Nebraska Secretary of State as fast as possible.  Once they get the application, the NE Secretary of State usually takes 3-5 business days to process a Nebraska LLC Dissolution filing. Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Statement of Dissolution with the Nebraska 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 Nebraska LLC Certified copy of LLC Dissolution filing from NE Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE NEBRASKA DISSOLUTION SERVICES If you don't need our complete Nebraska 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 Nebraska LLC, a meeting of all Members of the NE LLC must be held to approve the LLC Dissolution. A majority of LLC Members must approve the Nebraska 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 Nebraska. We will also compile a formal resolution to Dissolve the Nebraska LLC for your records. Prepare and file Statement of Dissolution - $75.00   explain As soon as the preliminary Nebraska LLC Dissolution actions are completed we will prepare and file the Statement of Dissolution with the Nebraska Secretary of State in the quickest way possible Prepare IRS Form 966 - $65.00   explain Most, but not all, Dissolved Nebraska 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 Nebraska 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 Nebraska 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 Nebraska LLC.  Once an EIN is linked to a Nebraska LLC by the IRS, that EIN stays with the Nebraska LLC even after the Company has been Dissolved by the Nebraska Secretary of State. When the IRS processes the final tax return for the Nebraska 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 Nebraska LLC's EIN account closed as quickly as possible. Processing fees $224.00 Nebraska Dissolution fees $27.00 Optional services $0.00 Total cost $251.00 OUR ADVANTAGE We start processing your Nebraska LLC Dissolution order as soon as it arrives. We get your documents to the Nebraska Secretary of State in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Nebraska Dissolution services we will refund 100% of your processing fees. We've been helping LLCs legally Dissolve in Nebraska for over ten years.  Our A+ BBB rating speaks for itself! 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