Closing a company is hard and usually comes at the end of an entrepreneurial struggle that many find draining financially, emotionally and physically.
To prevent additional hassles later, the best thing you can do now is close the business properly. This way you can avoid unnecessary tax liabilities, reduce personal liability and discharge your debts.
No one wants to be bogged down in the past when the next opportunity comes along. Let the experts at Cleer Tax help with your corporate dissolution so you can move on to bigger and better things.
So we include all the forms in our normal C-corp or LLC tax packages, plus the forms you need specifically to close out your company the right way. These include:
Your final tax return is due 3.5 months after the month your company is legally dissolved with the State in which you incorporated. Corporations will also need to file form 966 within 30 days of dissolving the company and a letter must also be sent to the IRS relinquishing the EIN number.
If you don’t close out your company properly then you can face several issues including: