How to Dissolve a LLC in New Jersey (How to legally Close a New Jersey Business)
NEW JERSEY BUSINESS SERVICES CORPORATION Incorporate in New Jersey New Jersey Professional Corporation New Jersey Nonprofit Corporation NJ Corporation Foreign Qualification New Jersey Corporation Annual Report New Jersey Corporation Dissolution LLC Form a LLC in New Jersey NJ LLC Foreign Qualification New Jersey LLC Annual Report New Jersey LLC Dissolution OTHER NEW JERSEY BUSINESS SERVICES New Jersey Good Standing Certificate New Jersey Apostille New Jersey DBA Name New Jersey Registered Agent NJ Corporation Kit and Seal New Jersey Certified Copies NJ Business Reinstatement NJ Company Name Reservation NJ Tax Status Compliance Certificate NJ Attorney Good Standing Certificate New Jersey Property Deed NJ Employer Requirements QUICK ENTRY FORMS New Jersey Incorporation New Jersey LLC NJ Professional Corporation NJ Nonprofit Corporation NJ Foreign Corporation NJ Foreign LLC NJ LLC Dissolution NJ 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 New Jersey LLC Dissolution? A New Jersey LLC is created when the NJ Department of Treasury approves the Articles of Organization. A record of the New Jersey LLC is added to the list of LLCs which have officially registered with the New Jersey Department of Treasury.  Once a LLC is registered with the New Jersey Department of Treasury, 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 New Jersey LLC is created when the NJ Department of Treasury approves the Articles of Organization. A record of the New Jersey LLC is added to the list of LLCs which have officially registered with the New Jersey Department of Treasury.  Once a LLC is registered with the New Jersey Department of Treasury, 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 New Jersey LLC with the New Jersey Department of Treasury and want to cease business activities you have to let the NJ Department of Treasury know that you intend to close your company.  Only after the NJ Secretary of State has made sure that all of the obligations of the New Jersey LLC have been fulfilled will the Department of Treasury approve of the closure of the company. When the New Jersey Department of Treasury approves the closing of a NJ LLC, that New Jersey LLC is said to be Dissolved.   The process of Dissolving a New Jersey LLC is called New Jersey LLC Dissolution. A New Jersey LLC must have filed all its required Annual Reports with the NJ Department of Treasury before the New Jersey Department of Treasury will approve the Dissolution of the NJ Limited Liability Company. Why do I need to Dissolve a New Jersey LLC? As soon as a New Jersey LLC is registered with the NJ Department of Treasury, that LLC is responsible for recurring obligations of the New Jersey Department of Treasury and the New Jersey Division of Revenue.  If the New Jersey LLC does not file reports or pay taxes then that NJ Limited Liability Company could be responsible for penalties which go up as time goes by. Unless you Dissolve your New Jersey LLC with the New Jersey Department of Treasury that NJ Limited Liability Company will be responsible for all recurring fees and penalties. What do I have to do to Dissolve a New Jersey LLC? New Jersey LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... New Jersey 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 New Jersey Department of Treasury; and things that you have to do after the NJ Department of Treasury has approved Dissolution of the New Jersey LLC.  What you have to do both before and after the New Jersey LLC is Dissolved largely depends on if the New Jersey LLC has commenced business and how many assets, debts and liabilities, if any, that the NJ Limited Liabilty Company has.  If the New Jersey LLC has not commenced business then the NJ Limited Liability Company Dissolution process is easier. What do I have to do before I Dissolve a New Jersey LLC? Things you need to do before you Dissolve a New Jersey LLC.   1. Hold a Members meeting and record a resolution to Dissolve the New Jersey LLC   2. File all required Annual Reports with the New Jersey Department of Treasury   3. Clear up any business debt   4. Pay all taxes and administrative fees owed by the New Jersey LLC more... less... 1. Hold a Members meeting and record a resolution to Dissolve the New Jersey LLC If the New Jersey LLC has any Members then a meeting should be held and a vote to Dissolve the New Jersey Limited Liability Company taken. Minutes of the meeting should be recorded and retained in the business records. If the New Jersey LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the New Jersey LLC. We can transcribe and compile minutes or approvals into a form that is legally recognized by the New Jersey Department of Treasury. 2. File all required Annual Reports with the New Jersey Department of Treasury The New Jersey Department of Treasury will not approve the Dissolution of a NJ LLC until all required reports have been filed. We can file any required Annual Report with the NJ Department of Treasury. 3. Clear up any business debts All creditors of a New Jersey 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 New Jersey LLC The New Jersey Department of Treasury will definitely not approve the Dissolution of a New Jersey 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 New Jersey LLC? Things you have to do after you Incorporate in New Jersey.   1. Distribute all remaining assets of the New Jersey LLC   2. Close all business bank accounts of the New Jersey LLC   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the NJ LLC's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the New Jersey LLC If the New Jersey LLC has any remaining assets, these may be divided according to the Members' ownership interests in the NJ Limited Liability Company.  All distributions to LLC Members must be reported to the IRS. 2. Close all business bank accounts of the New Jersey LLC If there are any business accounts that have been opened for the New Jersey LLC then those accounts must be closed. If Company Business accounts are left open there may be liability and obligations of the Dissolved New Jersey LLC which could lead to legal problems down the line. 3. Cancel all local business licenses and permits of the NJ LLC If the New Jersey 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 New Jersey LLC. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 Most Dissolved New Jersey LLCs must file IRS Form 966 with the US Internal Revenue Service. If a New Jersey 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 New Jersey 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 NJ LLC's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the New Jersey LLC.  Once the IRS links an EIN to a New Jersey LLC, that EIN stays with the New Jersey LLC even after the Company has been Dissolved by the New Jersey Department of Treasury. When the IRS processes the final tax return for the New Jersey 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 New Jersey LLC down the line then the IRS will reactivate the old EIN for your new Business. Before a New Jersey LLC can close an EIN account, it must be in Good Standing with the IRS.  The New Jersey LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The New Jersey 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 New Jersey LLC? The time it takes to Dissolve a New Jersey 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 New Jersey Department of Treasury usually takes around 3-5 business days to process the Certificate of Cancellation.    more... less... The time it takes to Dissolve a New Jersey 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 New Jersey Department of Treasury usually takes around 3-5 business days to process the Certificate of Cancellation. Processing times for New Jersey LLC Dissolution filings vary depending on the work load of the Department of Treasury's staff.  We've found that normal processing of New Jersey Dissolution filings takes the state around 3-5 business days. PLEASE NOTE: WE CANNOT GUARANTEE NEW JERSEY DEPARTMENT OF TREASURY PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the New Jersey Department of Treasury . In our experience 3-5 business days is the time it usually takes the New Jersey Department of Treasury to process a New Jersey Dissolution filing. We get your New Jersey LLC Dissolution filing to the NJ Department of Treasury ASAP. Once it is at the state we have no control over the New Jersey Dissolution approval process. How much does it cost to Dissolve a LLC in New Jersey? The total cost to Dissolve a New Jersey LLC varies depending on exactly what is required for each specific NJ Dissolution. We charge $224.00 plus any state fees for our New Jersey LLC Dissolution services. This includes: Same day processing Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Certificate of Cancellation with the New Jersey 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 NJ Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these New Jersey 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 NJ Domestic LLC? If there are Foreign LLCs in states other than New Jersey that are tied to the Domestic New Jersey LLC then each of those Foreign LLCs must be Dissolved before the New Jersey LLC is legally Dissolved. How long before someone can use my LLC name in New Jersey after I Dissolve? A New Jersey LLC company name is protected for one year from the date on which the NJ Department of Treasury approve the Dissolution of the New Jersey Limited Liability Company. After one year there are no LLC company name protections in New Jersey once a New Jersey LLC has been Dissolved by the New Jersey Department of Treasury. Do I have to publish a Notice of Dissolution of the New Jersey LLC? There are no state of New Jersey requirements for the publication of a Notice of Dissolution of a New Jersey LLC. While the New Jersey Department of Treasury does not legally require the publication of a Notice of Dissolution of a New Jersey LLC, publication is a good way to notify anyone who might have a claim against the New Jersey LLC.  Evidence of publication might prove useful down the line if someone makes a claim against the NJ Limited Liability Company after the New Jersey LLC has been dissolved.	NEW JERSEY LLC DISSOLUTION SERVICES For $224.00 our New Jersey LLC Dissolution Services include: Same day processing explain We will start processing your New Jersey LLC Dissoltion filing on the same day that you submit your order.  We get your NJ LLC Dissolution filing to the New Jersey Department of Treasury as fast as possible.  Once they get the application, the NJ Department of Treasury usually takes 3-5 business days to process a New Jersey LLC Dissolution filing. Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Certificate of Cancellation with the New Jersey Department of Treasury Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel the Federal EIN account linked to the New Jersey LLC Certified copy of LLC Dissolution filing from NJ Department of Treasury Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE NEW JERSEY DISSOLUTION SERVICES If you don't need our complete New Jersey 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 New Jersey LLC, a meeting of all Members of the NJ LLC must be held to approve the LLC Dissolution. A majority of LLC Members must approve the New Jersey 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 New Jersey. We will also compile a formal resolution to Dissolve the New Jersey LLC for your records. Prepare and file Certificate of Cancellation - $75.00   explain As soon as the preliminary New Jersey LLC Dissolution actions are completed we will prepare and file the Certificate of Cancellation with the New Jersey Department of Treasury in the quickest way possible Prepare IRS Form 966 - $65.00   explain Most, but not all, Dissolved New Jersey 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 New Jersey 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 New Jersey 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 New Jersey LLC.  Once an EIN is linked to a New Jersey LLC by the IRS, that EIN stays with the New Jersey LLC even after the Company has been Dissolved by the New Jersey Department of Treasury. When the IRS processes the final tax return for the New Jersey 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 New Jersey LLC's EIN account closed as quickly as possible. Processing fees $224.00 New Jersey Dissolution fees $175.00 Optional services $0.00 Total cost $399.00 OUR ADVANTAGE We start processing your New Jersey LLC Dissolution order as soon as it arrives. We get your documents to the New Jersey Department of Treasury in the quickest possible way.  We guarantee our work.  If you're not satisfied with our New Jersey Dissolution services we will refund 100% of your processing fees. We've been helping LLCs legally Dissolve in New Jersey for over ten years.  Our A+ BBB rating speaks for itself! 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