How Do I Close a Business in Tennessee?

by

Guide to Dissolving a Tennessee LLC

  1. Follow the Operating Agreement

    • Review the terms set out originally when the LLC was formed.

  2. Cancel Business Licenses

  3. File Articles of Dissolution

    • Include company details and member approval of dissolution.

  4. Wind Up Affairs

    • Liquidate assets and settle debts before formal dissolution.

Steps to Close a Business in Tennessee

  1. Vote to Dissolve the LLC

  2. Notify Registered Agent

  3. Cancel Business Licenses and Certificates

  4. File Articles of Dissolution

  5. Settle Affairs

  6. Obtain Final Tax Clearance

Forming an LLC in Tennessee

  • Cost of LLC dissolution: $20
  • Additional steps: Resolving tax obligations before dissolution

Leave a Comment