Business Dissolution

kevinpoduska · ‎February 29, 2020

My brother and I own a house that we rent using an LLC. After we filed our 2018 taxes, we decided to not pay the business license fee and naturally dissolve the business. Because we did this after we filed our taxes, we did not check the box for final return. Do we need to file anything in 2019?

Anonymous_ · ‎February 29, 2020

You should seek professional tax/legal guidance for this matter.

A final return should be filed (or should have been filed), articles of dissolution should have been filed in the state the LLC was organized, and the property conveyed out of the LLC to each member.

View solution in original post

Anonymous_ · ‎February 29, 2020

You should seek professional tax/legal guidance for this matter.

A final return should be filed (or should have been filed), articles of dissolution should have been filed in the state the LLC was organized, and the property conveyed out of the LLC to each member.