Many states charge you annual fees to keep your LLC running. If you don't officially shut down the company, you'll still be charged, possibly with late fees. Some states will dissolve the LLC after that, but not all. If you operate in several states, you will have to officially formalize in all of them.
What happens to an unused llc?
Many states charge you annual fees to keep your LLC running. If you don't officially shut down the company, you'll still be charged, possibly with late fees.
More Posts
business
Do small businesses use llc's?
Many small businesses are organized as limited liability companies, or LLCs, because an LLC offers the same liability protection as a corporation, but with a less rigid structure and fewer administrative requirements. An LLC, or limited liability company, is a US business structure that combines the simplicity, flexibility and tax advantages of a partnership with the personal liability protection of a corporation. The owners of LLCs are called members.
Can i start an llc in a different state?
Usually, for U.S. residents.
economy
What is the disadvantage of a limited liability company?
An LLC is an entity that has limited liability for its owners and LLCs are popular. Read here to discover the disadvantages of a limited liability company (LLC)
Why is an llc a good option for owning a business?
An LLC is a good option for business owners because of the tax advantages and liability protection that the LLC offers. Read more here.
