How to Cancel LLC in Illinois?
- When a business entity is closing its operation in Illinois, several steps must be taken to remove the entity from the tax and public records.
- Illinois Limited Liability Act "Articles of Dissolution" must be filed with the Secretary of State to file a dissolution.
- Make sure you have filed finally returns to the tax department.
- All debts, obligations and liabilities of the Limited Liability Company have been paid and discharged or adequate provision has been made therefor.
- All remaining property and assets of the Limited Liability Company have been distributed among the members in accordance with their respective rights and interest.
- There are no suits pending against the company in any court or that adequate provision has been made for the satisfaction of any judgment, order or decree that may be entered against it in any pending suit.
- Dissolution allows the Illinois LLC the opportunity to wind up their affairs before terminating.
- In all cases, the business must be in good standing. In addition, a Tax Clearance Certificate must be issued for both domestic and foreign for-profit corporations with assets.
- Surrender or notify your licenses to the departments that you are closing your business.
- Reason to disslove the Limited Liability Company.
- Provide EIN to mention on your disslution document.
- We can help you to file final returns, if you have not filed yet.
- You can use our online customized forms to file your dissolution.
You can contact to our office for any additional question or reservation.
