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Closing Your Business. When you decide to close your business, you must contact the Illinois Department of Revenue regarding your tax liabilities. Contact can be made: electronically through MyTax Illinois, by calling us at 217-785-3707, or. at one of our offices.
An LLC cannot terminate or withdraw if the company has been administratively dissolved, revoked, merged, converted, domesticated or expired. The termination must be executed by a manager or other person authorized by the company.
Contact IDOR when closing a business to determine tax liabilities. Go to Service.
When closing a business in Illinois, business owners or members must follow numerous important steps. Otherwise, unexpected consequences may result in the wake of the company's dissolution. File final tax returns and terminate your EIN. File the required dissolution documents.
The Department of Business Services database includes information on the following types of business entities: Corporations, Not-for-Profit Corporations, Limited Partnerships, Limited Liability Companies, and Limited Liability Partnerships.
What are the requirements for closing a business in Illinois? There are several steps to consider. When a business closes or its legal status changes, there are tax, licensing and regulation requirements to be met which may involve several state offices or agencies.
Illinois Business Information. Links to information and resources for starting, running, expanding, relocating, or closing a business. SOS. Corporate & Limited Liability Company (LLC) Name Search.