Process for dissolving a recently-opened Colorado LLC?
Forms for the Colorado LLCs are online. You can find the link to the dissolution form here, and instructions here. IRS instructions are here. That's what they want: To close your business account, send us a letter that includes the   complete legal name of the entity, the EIN, the business address and   the reason you wish to close your account. If you have a copy of the   EIN Assignment Notice that was issued when your EIN was assigned,   include that when you write to us at: Internal Revenue Service Cincinnati, Ohio 45999 Everything is pretty straight forward.  Note that you might be required to file a initial/final tax return if you had any transactions.
Yes, you can do this.  I do this for my own single-member LLC, but I usually do it online instead of writing a check. Your only legal obligation is to pay quarterly estimated tax payments to the IRS. I'm assuming you are not otherwise doing anything shady. For example, that you have funds in your business account to pay any expenses that will be due soon or that you are trying to somehow pull a fast one on someone else... This is not what you normally get told, including by partners who were there at the time.  What IPO were you referring to? Andersen Consulting / Accenture's IPO was some time after the split.  Edit: spun off? It wasn't what you'd call a friendly split From what I can understand you will be paying money to buy a business with more problems than assets. If it's all about the reviews then register an LLC yourself and do some marketing work, it will cost much less. If this business had clients and constant recurring revenue then that would be a different story. I wouldn't get too caught up with this. Doesn't sound like this is even stock reconciliation, more ensuring the cash you've received for dividends &amp; other corporate actions agrees to your expected entitlements and if not raising claims etc. Form 10-K is filed by corporations to SEC. You must be thinking of form 1065 (its schedule K) that a partnership (and multi-member LLC) must file with the IRS. Unless the multi-member LLC is legally dissolved, it must file this form. You're a member, so it is your responsibility, with all the other members, to make sure that the manager files all the forms, and if the manager doesn't - fire the manager and appoint another one (or, if its member managed - chose a different member to manage). If you're a sole member of the LLC - then you don't need to file any forms with the IRS, all the business expenses and credits are done on your Schedule C, as if you were a sole propriator. Are you talking about domicile? An LLC is treated differently than a corporation in the terms of citizenship of the law. An LLC is a citizen of whichever state it's members (shareholders) are citizens.  I would recommend you just spend the money on a business attorney to ensure that all the t's are crossed correctly so it doesn't end up costing you more later on. I'm not certain I understand what you're trying to do, but it sounds like you're trying to create a business expense for paying off your personal debt. If so - you cannot do that. It will constitute a tax fraud, and if you have additional partners in the LLC other than you and your spouse - it may also become an embezzlement issue. Re your edits: Or for example, can you create a tuition assistance program within   your company and pay yourself out of that for the purposes of student   loan money. Explicitly forbidden. Tuition assistance program cannot pay more than 5% of its benefits to owners. See IRS pub 15-B. You would think that if there was a way to just incorporate and make your debts pre-tax - everyone would be doing it, wouldn't you? Pm me. As a long time bar and restaurant owner who specializes in audits on projects like this I can tell that there are a number of variables at play in this scenario.   A typical MBA won't see the industry issues you need to address.    I can do a phone convo for 15 min and get you sorted fast. Happy to pro bono it.   Good luck. "There's nothing you can do. If he has indeed deposited the check, it would appear on your account fairly quickly - I've never seen it taking more than 2-3 business days. However, a check is a debt instrument, and you cannot close the account until it clears, or until the ""unclaimed property"" laws of your state kick in. If he claims that he deposited the check, ask it in writing and have your bank (or the bank where it was deposited) investigate why it takes so long to clear. If he's not willing to give it to you in writing - he's likely not deposited it. Whatever the reason may be, even just to cause you nuisance. Lesson learned. Next time - cashier's check with a signed receipt. Re closing the LLC: if you're the only two partners - you can just withdraw yourself from the LLC, take out your share, and drop it on him leaving him the only partner. Check with your local attorney for details." We have a good experienced team that always ready resolve the problem of their clients with starting an LLC. Our company supports the LLC (limited liability company). It is an important process to run a  business and incorporate the LLC form, that's supportable for the organization's needs. It is a pivotal district for you that you have the best possible to have communication in the change of the mission on the off chance that you need to offer the business endeavor. We are fit to make another page at the most effective cost. It is an expert web format forming a llc and advancement business endeavor situated in Bellmawr, NJ. Bent Enterprise is a total administration guarantor for offices or individuals asking about planning their requirements. I know this is old, but Joe Taxpayer is wrong.  When you dissolve a corporation in selling it, all liabilities go with the old owners and the new owners, smartly starting with a new corporation and taxpayer ID, start with a clean slate.  The only way this is not true is if the new owners did not change a thing legally and kept everything the same, other than there names, which would be entirely insane if you asked any lawyer in the country.  Gift cards are a touchy situation, if not negotiated in the deal, by law the new owners DO NOT have to take them.  Yes, it's good PR, but when there's a considerable amount of money out there it could bury the new owners by giving away free stuff. I would suggest opening a new account (credit card and bank) for just your business. This protects you in multiple ways, but is no bigger burden for you other than carrying another card in your wallet.  Then QB can download the transactions from your website and reconciling is a cinch. If you got audited, you'd be in for a world of pain right now.  From personal experience there are a few charges that go unnoticed that reconciling finds every month at our business.  We have a very strict process in place, but some things slip through the cracks. The process would look something like:  1. Register your investment company with the SEC 2. Get the ETF approved by the SEC  3. Get a custodian bank (likely requires min assets of a few million) 4. Get listed on an exchange like NYSEARCA by meeting requirements and have an IPO   1 and 2 probably require a lot of time and fees and would be wise to have a lawyer advising, 3 is obviously difficult due to asset requirements and 4 would probably involve an investment bank plus more fees How would I go about this so that I can start using this money? You would open the LLC. The checks were not written out to you, they were written out to the LLC. Only the LLC can endorse them. I'm a bot, *bleep*, *bloop*. Someone has linked to this thread from another place on reddit:  - [/r/utricksblog] [What is the best way to move my LLC to another State?](https://np.reddit.com/r/UtricksBlog/comments/70psch/what_is_the_best_way_to_move_my_llc_to_another/)  [](#footer)*^(If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads.) ^\([Info](/r/TotesMessenger) ^/ ^[Contact](/message/compose?to=/r/TotesMessenger))*  [](#bot)