Are you looking to close a business in North Carolina? This article will provide you with all the information you need to know to do so. We will discuss the necessary steps to closing a business in NC, the forms and fees involved, and the resources available to help you along the way.

How to Close a Business in NC?

Closing a business in North Carolina requires filing Articles of Dissolution with the North Carolina Secretary of State. This can be done in person at their office located at 2 South Salisbury St., Raleigh, NC 27601-2903 or by mail. The North Carolina Secretary of State’s office is open from 8:00 a.m. to 5:00 p.m. Monday to Friday. All North Carolina LLCs must file form L-07, Articles of Dissolution of Limited Liability Company, for which there is a $30 filing fee. Your filing usually will be processed within seven to ten business days. You may pay additional fees for expedited processing.

When closing your business it is important to remember to close anything related to the business as well, such as registered names, permits, licenses, and other accounts. There are a few steps to take to properly dissolve a North Carolina LLC:

  • Follow Your North Carolina LLC Operating Agreement
  • Close Your Business Tax Accounts
  • File Articles of Dissolution

For more detailed information, contact the North Carolina Secretary of State’s office at 919-814-5400.

Where Can I Get Help Closing a Business in NC?

For help finding experienced business brokers and closing a business in North Carolina, visit Atlantabusinesses.com, a great resource for answers to all your questions about selling a business and about business brokers. With their experienced team of business brokers and financial advisors, you will be well prepared to close your business in NC in no time.

What is the fee for dissolving a business in North Carolina?

The cost of submitting this form is $30 and it needs to be sent to the Secretary of State.

How should a business be shut down correctly?

1
Submit a Final Tax Return and any Required Documents.
2
Take Care of Your Staff.
3
Pay Any Taxes Owed.
4
Report Payments to Contractors.
5
Terminate Your Employer Identification Number and Shut Down Your IRS Business Account.
6
Maintain Your Records.

What are the steps to close my business in North Carolina?

If you wish to terminate a business in North Carolina, you must file the appropriate Articles of Dissolution for the type of entity (Business Corporation, Nonprofit Corporation, Limited Liability Company (LLC)).

What is the process for dissolving an LLC in North Carolina?

In order to dissolve a North Carolina LLC, you will need to submit form L-07, the Articles of Dissolution of Limited Liability Company, to the North Carolina Secretary of State Corporations Division. The Articles of Dissolution can be found on the North Carolina Secretary of State website (see link below).