How to Dissolve an LLC in New Jersey

By Anaid Heyd

New Jersey requires a business entity to file the proper paperwork with the New Jersey Department of the Treasury before it closes operations. This process allows the state to remove the organization from public and tax records. Officially, limited liability companies, or LLCs, cancel their formation, as opposed to corporations, which dissolve. Regardless, the procedures are similar. Failure to cancel your LLC will cause your file to be submitted to the Special Procedures Branch for collection of outstanding liability.

Step 1

Fulfill any outstanding annual report obligations you may still have with the New Jersey Division of Revenue. Such obligations must be completed before application for cancellation is submitted. Annual reports are necessary to maintain active status and must be submitted electronically at the Division of Revenue website. LLCs must also pay the appropriate fees for the report. In 2010, the fee was set at $50.

Step 2

Obtain a Certificate of Cancellation form for a limited liability company from the New Jersey Division of Revenue website or local office. The form is labeled "L-109."

Ready to start your LLC? Start an LLC Online Now

Step 3

Enter the name of your LLC in the appropriate box. The name should be the same as it appears on State Treasury records.

Step 4

Fill in your LLC's business entity number. The business entity number is 10 digits and was issued to you by the state of the New Jersey when the organization was first established. Call the New Jersey Division of Revenue if you have misplaced this information.

Step 5

Enter the date your LLC was first formed.

Step 6

Specify what date you would like to officially dissolve your company. The date cannot be before, on or 30 days after the Certificate of Cancellation has been filed. The filing date is merely the date the document was received by the New Jersey Division of Revenue.

Step 7

State the reason you are canceling your LLC on the Certificate of Cancellation form.

Step 8

Sign the document verifying your authority to complete the Certificate of Cancellation on the LLC's behalf.

Step 9

Attach the appropriate Certificate of Cancellation fee. In 2010, the fee for domestic LLCs was $100 and $125 for foreign LLCs.

Step 10

Submit the document online or at a local Department of the Treasury office.

Step 11

Print and complete a tax clearance request application, if your LLC is a for-profit corporation, from the New Jersey Division of Taxation website or local office. You will not be able to receive a completion of dissolution notice until the Division of Taxation has issued a tax clearance certificate. The certificate will clear your organization from having to pay taxes.

Ready to start your LLC? Start an LLC Online Now
How to Convert an LLC to a Corporation
 

References

Resources

Related articles

What Forms Are Needed to Dissolve an LLC?

You must dissolve your limited liability company with your state if you are no longer doing business. The process will transfer your company's assets and settle your debts. Some states tax LLCs and have annual reporting requirements, and if you do not officially dissolve the company, fees and penalties may be assessed by the state even after your business has closed. The exact forms needed for LLC dissolution vary by state and the size of your LLC.

How to Start a Sole Proprietor Business in New Hampshire

If you have a business plan, you can get started by establishing a sole proprietorship, in which you are the sole owner. In the state of New Hampshire, as in other states, a sole proprietorship does not need to incorporate or register with the state. However, there are important steps to take if you are working in a field that the state licenses or otherwise controls; New Hampshire also levies a Business Enterprise Tax, or BET, on qualifying proprietorships.

How do I Dissolve LLC in State of Michigan?

Under Michigan law, all limited liability companies must register with the Michigan Department of Energy, Labor and Economic Growth, or DELEG, in order to conduct extensive business within Michigan. Registering an LLC with the DELEG involves filing a document, called an Articles of Organization, which becomes a public record. To dissolve a Michigan LLC, you must file a document, called a Certificate of Dissolution, to amend the public record about your company. You must also obtain a Tax Clearance Certificate from the Michigan Treasury.

LLCs, Corporations, Patents, Attorney Help LLCs

Related articles

How to Formally Dissolve a Delaware C Corp

Many corporations choose to incorporate in Delaware because of the state's business-friendly tax structure, ...

Terminating a New York S Corp

A corporation is considered an independent legal entity under New York state law. S corporation status is an IRS tax ...

How Do I Dissolve a Corporation in Delaware?

Dissolving a Delaware corporation requires filing the appropriate certificate of dissolution with the Department of ...

Is an LLC Incorporated?

The process of incorporating is applicable only to businesses that choose to organize using a corporate structure. ...

Browse by category
Ready to Begin? GET STARTED