As an experienced business broker, I understand how important it is to know how to close an LLC in Washington State. In this article, I will provide a comprehensive guide on the different methods you can use to dissolve your LLC in Washington State, as well as how to sell your business.

How to Close LLC in Washington State?

Closing your LLC in Washington State can be done in two ways: online using the My DOR portal or by mail. The My DOR portal is the quickest way to close your account, and can be completed in 7 steps. To expedite the process, it usually takes two to three days to dissolve the LLC. However, if you don’t want to expedite the process, it will likely take at least 30 days for the dissolution to be finalized.

7 Steps to Dissolve a Washington Corporation

To dissolve an LLC in Washington State, you will need to follow these seven steps:

  • Submit a Revenue Clearance Certificate Application
  • Wait for processing
  • Fill out Articles of Dissolution
  • Expedite the process (usually two to three days)
  • Wait at least 30 days for the dissolution to be finalized
  • Follow your Washington LLC Operating Agreement
  • Hold a vote with LLC members to dissolve the LLC
  • Record the dissolution vote in the minutes

It is important to note that if you do not follow the steps outlined above, the dissolution of your LLC may not be finalized. It is also important to consult a professional business broker or attorney to ensure that all legal documents are properly filled out and filed.

Sell My Business

If you are looking to sell your business in Washington State, there are several steps you will need to take in order to do so. First and foremost, you need to create a business plan and determine the value of your business. You should also consult with a professional business broker to help you with the sale process. Additionally, you will need to find potential buyers, create a sales agreement, and negotiate the terms of the sale. Once the agreement is finalized, you will need to complete the necessary paperwork and pay all applicable taxes.

Closing an LLC or selling a business in Washington State can be a complicated process. It is important to consult a professional business broker or attorney to ensure that all of the necessary steps are taken and that you are properly protected. Atlantabusinesses.com is a great resource for answers to all your questions about selling a business and about business brokers.

What is the procedure for shutting down an LLC in Washington State?

Submit an application for a Revenue Clearance Certificate. Allow time for the processing to be completed. Fill out the Articles of Dissolution and attach the certificate. Submit the Articles of Dissolution and wait for the processing to be done. Notify your registered agent when the dissolution is complete.

What is the fee for dissolving an LLC in Washington?

Limited Liability Companies (Title 25.15 RCW) can be dissolved or withdrawn without any fee. There is a fee of $140 plus all missed annual report fees for reinstatement. The cost of an initial or amended annual report is $10, and the fee for an annual report is $60.

What is the process for shutting down a business with the Secretary of State of Washington?

Submit an application for Revenue Clearance Certificate to the Washington Department of Revenue. Wait for the application to be processed. File Articles of Dissolution and wait for them to be processed. Get in touch with your Registered Agent.

What is the phrase used to describe the process of shutting down an LLC?

The process of LLC Dissolution is often referred to as either Articles of Dissolution or a Petition for Dissolution.