Legal Question in Business Law in New Jersey

Dissolution of LLC

I formed an New Jersey LLC earlier this year.

The business was opened for a time but never realized any sales or profits. No employees, no profits or losses.

The financing I anticipated on getting fell through.

I now want to wind up the business.

Besides filing with the state, dissolution certificate?, what other steps do I have to take, ie with IRS or NJ taxation.

Any other items that have to be addressed.

Thanks in advance.


Asked on 12/21/05, 12:15 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: Dissolution of LLC

If nthe business was inactive, you should merely have to file a Certificate of Dissolution, but I would contact IRS to let them know what is happening, if you applied for a Tax Identification Number, as they will be looking for a return otherwise. Get your Certificate of Dissolution in before 12/31 and filed, or you mjay have an Annual Report liability if this carries over to 2006. You can file a Certificate that indicates you were inactive, and it is available on the State Treasury web site.

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Answered on 12/21/05, 5:44 pm


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