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How do I close an LLC in the state of New York?
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To close an LLC in the state of New York, you must first file a certificate of dissolution with the New York Secretary of State. This form officially informs the state that the LLC will be dissolved. You may be required to provide the details of the LLC, including its company name and legal address, as well as information about any loans or debts the LLC has. Once the dissolution form is approved by the state, the LLC must take steps to settle its debts, liquidate its assets and distribute them to its members as stipulated in the LLC’s operating agreement. Those steps can include notifying any creditors of the LLC’s dissolutions, paying off loans and other debts, and transferring any remaining assets to the members. After all those requirements have been met, the LLC can then submit a copy of the certificate of dissolution to the New York Department of Taxation and Finance to finalize the closing process.