Once an LLC is set up it’s existence is generally perpetual, unless the LLC is dissolved pursuant to Section 705 of the New York State Limited Liability Company Law. Shutting down an LLC may become necessary for many reasons, and if the LLC is no longer in business it’s usually a good idea to terminate the LLC’s existence to avoid potential business liabilities and unnecessary entity maintenance fees.
Thomas Law Firm PLLC can assist you with the NY LLC Dissolution process for a flat fee. If you need to dissolve a New York Corporation or other business entity we can terminate these too once you have received clearance from the New York Department of Taxation and Finance. CONTACT US for a free phone consultation.