Are you a business owner in Missouri who is looking to dissolve your LLC? Taking the steps to close an LLC in Missouri can be a complicated process. In this article, we will provide an overview of the steps you must take to properly close your LLC in Missouri.

How to Close an LLC in Missouri?

When an LLC in Missouri wants to dissolve, the LLC must submit Articles of Termination to the Missouri Secretary of State along with a filing fee of $25. First, the LLC members must hold a vote to dissolve the LLC and record the vote in the LLC’s records. After the vote to dissolve, the LLC must submit a notice of winding up to the Secretary of State. The majority of dissolved LLCs in Missouri must also file IRS Form 966, which is required within 30 days after the approval of the final dissolution. Lastly, the LLC must clear up any outstanding debts or liabilities it has incurred.

Detailed Steps to Close an LLC in Missouri

Closing an LLC in Missouri requires the following steps:

  • Hold a vote with LLC members to dissolve the LLC: All LLC members must agree to dissolve the LLC and vote on the dissolution. The vote must be recorded in the LLC’s records.
  • File a Notice of Winding Up with the Missouri Secretary of State: The LLC must file a Notice of Winding Up with the Missouri Secretary of State to legally dissolve the LLC.
  • Submit IRS Form 966: The majority of dissolved LLCs in Missouri must file IRS Form 966 with the IRS within 30 days after the approval of the final dissolution.
  • Clear up any outstanding debts or liabilities: LLCs must settle any outstanding debts or liabilities they have incurred before they can be fully dissolved.

After completing these steps, the LLC in Missouri is officially dissolved.

Conclusion

Dissolving an LLC in Missouri is a complex process that requires several steps to be completed. LLCs must hold a vote to dissolve the LLC, file a Notice of Winding Up with the Missouri Secretary of State, submit IRS Form 966, and clear up any outstanding debts or liabilities before they can be fully dissolved. If you have any questions or need assistance with closing your LLC, Atlantabusinesses.com is a great resource for answers to all your questions about selling a business and about business brokers.

Do I have to terminate my LLC in Missouri?

If you have been operating a company as a corporation or limited liability company, you must formally terminate your business in order to cease being responsible for taxes and other filings associated with the business.

What is the process for dissolving an LLC?

In order to shut down an LLC, you have to submit a concluding tax document to the state and Internal Revenue Service. Make sure that the box is marked to state that this is the final return of the LLC. Furthermore, complete Schedule K-1 and give each participant a copy so that they can accurately report any profits or losses on their individual taxes.

What is the process for dissolving a partnership LLC in Missouri?

Generally, you need to submit a document of dissolution (in some states referred to as a certificate of cancellation) to the state where the partnership is based. Additionally, you might be asked to provide other forms (like a transfer of property report) and pay any relevant termination expenses.

What is the process for cancelling my business registration in Missouri?

In order to close your account, you must submit the final return and payments pertaining to all ongoing accounts associated with the Department. You can reach out to us via email at [email protected] or by calling 573-751-5860. Please make sure that you provide us with the correct mailing address.