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How long does it take to dissolve a business in NJ?

New Jersey Division of Revenue (Attn: Business Liquidation) Filing by mail generally takes 1-2 weeks, while online filings are processed immediately. However, in either case, the dissolution is not complete until you receive tax clearance from the Division of Taxation, which can take several months.

Do I have to dissolve my LLC in NJ?

In New Jersey, if you and the members of the LLC want to discontinue business, then it is necessary to dissolve their business legally to avoid any administrative and legal consequences. To dissolve an LLC in New Jersey, you are required to submit a complete Article of Dissolution to the Secretary of State.

How long does it take to dissolve an LLC in NJ?

NJ Division of Revenue Filing by mail takes about a week to be processed, while online filings are processed as soon as the Division of Revenue receives your information and payment. If you file by fax or in person, you can expedite your filing for $25 and theyll process your filing within 8.5 business hours.

Do I have to dissolve my LLC in NJ?

In New Jersey, if you and the members of the LLC want to discontinue business, then it is necessary to dissolve their business legally to avoid any administrative and legal consequences. To dissolve an LLC in New Jersey, you are required to submit a complete Article of Dissolution to the Secretary of State.

How do I dissolve an LLC in New Jersey?

Corporations ending business in New Jersey can dissolve, cancel, or withdraw online. Go to njportal.com/dor/annualreports and select Close a Business. Businesses that choose to complete a paper application must submit all of the following: Appropriate dissolution/withdrawal/cancellation form.

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How long does it take to dissolve an LLC in NJ?

NJ Division of Revenue Filing by mail takes about a week to be processed, while online filings are processed as soon as the Division of Revenue receives your information and payment. If you file by fax or in person, you can expedite your filing for $25 and theyll process your filing within 8.5 business hours.

What happens if I dont dissolve my LLC in NJ?

Failure to dissolve the corporation when the corporation has ceased doing business will result in the legal requirement to continue to file Corporation Business Tax returns with the necessary remittance of the minimum CBT tax.

How do I dissolve an LLC in New Jersey?

Corporations ending business in New Jersey can dissolve, cancel, or withdraw online. Go to njportal.com/dor/annualreports and select Close a Business. Businesses that choose to complete a paper application must submit all of the following: Appropriate dissolution/withdrawal/cancellation form.

What happens if I dont dissolve my LLC NJ?

Failure to dissolve the corporation when the corporation has ceased doing business will result in the legal requirement to continue to file Corporation Business Tax returns with the necessary remittance of the minimum CBT tax.

How long does it take to dissolve an LLC in New Jersey?

The LLC has 60 days following the issue date of the notice to file the outstanding reports and fees. Annual reports must be filed online. If you do not file within 60 days the business will be revoked. LLCs pay an annual tax to the Division of Taxation.

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