Closing LLC Business Expenses

[BenFen101]

Hello,

I'm choosing to not renew my LLC business registration this year and closing my business. I have revenue from earlier in the year and expenses. Do I get to continue writing off expenses until my business is no longer registered, or for the remainder of the calendar year?

[AmeliesUncle]

If your business is no longer trying to earn income, it is closed so no more expenses can be taken after that date (unless the expenses are a direct result for when the business was open).  Just because your registration has not expired does not mean your business is still 'open' and trying to earn income.

[BenFen101]

Thanks for the reply. I'm still working to earn income, but I'm considering my options since I have to renew in a few months.