This video discusses how to dissolve an LLC. Learning how to dissolve a company is very important, as business dissolution is overlooked. If you do not dissolve a business properly, you can get into lots of trouble.

Here’s what you must do to dissolve LLC or dissolve a business. You must file a certificate of dissolution with the Secretary of State, and they know how to close an llc. But once your LLC termination is on record, there are a few more steps that you need to complete.

Another consideration relates to the Corporate Transparency Act, which requires reporting beneficial ownership information. The corporate transparency act says that an inactive entity doesn’t need to file, but you need to make sure that you meet the requirements of the CTA inactive entity.

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DISCLAIMER: The contents of this video are NOT LEGAL ADVICE and do not apply to your specific circumstances. This information is provided for general informational and educational purposes only. Viewing this video DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. We highly encourage you to seek professional legal advice before acting or relying on any information contained in this video.

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