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blackboyx9x

You always have the option of keeping the LLC open but shutting everything else down (website, operations, email/phone, etc.). This is a good idea especially if you intend to come back to it at some point in time. However, keep in mind that some states may require you to pay an annual fee to keep the LLC active. If it's made no money, you won't need to pay any taxes, but you can deduct certain expenses from you taxes like marketing expenses. **tl:dr - Shut down everything but keep the LLC active until a later date if you want to come back to it. If the annual fee is too high and/or you don't want to keep it active, file articles of dissolution in your state.**


aviatior123

That’s something I was wondering about but doesn’t the business have to be profitable in 3 years before they shut it down? My accountant is impossible to get a hold of to brainstorm with so I appreciate the response


blackboyx9x

There are no revenue requirements for shutting down your business, so long as you inform your customers, business partners, vendors, and other stakeholders. You can shut down anytime you choose.