For one reason or another, it might be time to shut the doors on your business. Maybe you and a friend formed an LLC for an online venture a few years ago, but over the past year, you’ve both moved on. Maybe you launched a dog-walking business last year, then decided to get a full-time job instead.
Whatever the reason, you’ll need to formally close your LLC or corporation. Otherwise, you can still be charged fees associated with the business and still be required to submit tax returns to the IRS and submit an annual report to the state.
To read the full, original article click on this link: Do you need to close a business in 2011
