Close an LLC

There's a variety of reasons why an LLC would be considered for closure.

• Business closure
• Expiration of operating agreement
• Changing states of operation

Consider what ongoing agreements and liabilities the LLC has in place and sever as much as possible before you file a Certificate of Cancellation with the Delaware Secretary of State.

File the Certificate of Cancellation. Delaware has options to submit filings directly online. The cost is $200.

Close down bank accounts. Let your bank(s) know that the business is shutting down and obtain a list of obligations that you need to fulfill so that creditors can be paid and assets can be distributed. Asset distribution details are likely explained in the LLC's operating agreement.

Did you know that a company can go inactive by not having a designated registered agent (forfeit) or by not completing annual Delaware Secretary of State compliance (void)?