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
Does a corporation reduce its taxes?
Income taxes are complicated. For a corporation, it's complicated because of the way the tax code is written. Learn about how a corporation can reduce its taxes
When to Form an LLC: A Comprehensive Guide for Business Owners
Learn when it's the right time to form an LLC for your business and the benefits it can provide. Find out how this legal structure can protect your personal assets and offer tax flexibility.
Which state is best for llc for non resident?
One of the advantages of forming an LLC in Delaware is the state's flexible business laws. LLCs in Delaware have a lot of freedom to structure their management and operations to suit their needs.
business
Is it worth setting up a limited liability company?
Probably the most obvious advantage of forming an LLC is the protection of your personal assets by limiting liability to the resources of the company itself. In most cases, the LLC will protect your personal assets from claims against the company, including lawsuits.
