Closing a business in Connecticut can be a complex process. It requires knowledge of filing taxes, dissolving the business entity, and other state-specific regulations. In this article, we will answer the question: β€œHow do I officially close a business in Connecticut?”.

How do I officially close a business in Connecticut?

Closing a business in Connecticut requires filing a Certificate of Dissolution with the Connecticut Secretary of the State (SOTS) Commercial Recording Division. To dissolve a Connecticut corporation, you just need to file a Certificate of Dissolution with the Connecticut Secretary of the State, Commercial Recording Division. The cost is $50.00 and the process can be completed online or by mail. After filing for dissolution with the SOTS, contact the Department of Revenue Services (DRS) to close your business entity tax account. You can send them a copy of the dissolution or a letter of dissolution.

Can I close my business by filing a final tax return?

Yes, you can close your business by filing a final tax return. Before filing your final tax return, you must first file the Certificate of Dissolution with the SOTS. This will officially dissolve your business. After filing for dissolution with the SOTS, contact the DRS to close your business entity tax account. You can send them a copy of the dissolution or a letter of dissolution.

Conclusion

Closing a business in Connecticut requires filing a Certificate of Dissolution with the Connecticut Secretary of the State (SOTS) Commercial Recording Division and closing your business entity tax account with the Department of Revenue Services (DRS). For more information on selling a business and business brokers in Connecticut, please visit Atlantabusinesses.com.

What are the steps to shutting down a business in Connecticut?

In order to dissolve a corporation in Connecticut, you must submit a Certificate of Dissolution to the Commercial Recording Division of the Secretary of the State. The state provides forms for this purpose, but you can also write your own articles of dissolution as long as they include all the necessary information.

What is the fee to terminate an LLC in Connecticut?

How should a business be properly shut down?

1
Submit your Final Tax Return and any other applicable forms.
2
Take care of all personnel associated with your business.
3
Pay any taxes that you owe.
4
Notify contracted laborers of their final payment.
5
Terminate your Employer Identification Number and close your IRS business account.
6
Retain your documents.

What is the process for terminating my sales and use tax registration in Connecticut?

1
Access MyConnectCT – π—Ίπ˜†π—°π—Όπ—»π—»π—²π—–π—§ (ct.gov).
2
Go to the β€œmore” tab.
3
Locate the Taxpayer’s update section.
4
Select Close Accounts and follow the instructions.
5
Submit all of your β€œsales and use tax returns” due up to the day your business closed.