What happens if I Close my Arizona Corporation?
Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future. If you should decide to revivie the Arizona Corporation down the line the IRS will reactivate the old EIN for your new Business.
How to create a LLC in Arizona, how to close an Arizona?
Once a LLC is registered with the Arizona Corporation Commission, that LLC immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines. more… less… An Arizona LLC is created when the AZ Corporation Commission approves the Articles of Organization.
Can a LLC be revoked in the state of Arizona?
Pending Articles of Termination for an Arizona LLC may be revoked, however, once the Articles of Termination for an AZ LLC have been approved by the Arizona Corporation Commission they cannot be revoked. Once an Arizona LLC has been terminated, its existence in Arizona ceases to exist and the AZ LLC cannot be reinstated.
How to dissolve a corporation in Arizona, how to close a Ein?
Before an Arizona Corporation can close an EIN account, it must be in Good Standing with the IRS. The Arizona Corporation must have filed all required tax returns and paid any applicable fees and penalties due to the IRS. The Arizona Corporation cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe.
What do you need to know about closing a business in Arizona?
Arizona Secretary of State: Trade Names, Trademarks, Partnerships City/Town Offices: Business/Occupational, Regulatory (Professional/Special) Licenses Internal Revenue Service: Closing a Business, Canceling an EIN U.S. Small Business Administration: Close or sell your business
What happens to a limited liability company in Arizona?
Closing your Arizona limited liability company (LLC) will involve a variety of tasks. Among the most important are what is known as dissolving and winding up the business. Your LLC is registered with the State of Arizona.
What happens if a corporation is dissolved in Arizona?
If there are any business accounts that have been opened for the Arizona Corporation then those accounts must be closed. If Corporate business accounts are left open there may be liability and obligations of the Dissolved Arizona Corporation which could lead to legal problems. 3.
Before an Arizona Corporation can close an EIN account, it must be in Good Standing with the IRS. The Arizona Corporation must have filed all required tax returns and paid any applicable fees and penalties due to the IRS. The Arizona Corporation cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe.