L 110b 2025

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The document is a form (L-110B) issued by the New Jersey Division of Revenue and Enterprise Services for the dissolution and termination of a Domestic Limited Liability Company. It outlines the steps for electronic filing, including entering required information, adding attachments, and submitting the form through the Central Forms Repository. The form requires the name and business ID number of the LLC, confirmation that all affairs have been wound up, and must be signed by an authorized representative. A statutory fee of $125 is also noted.

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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 much does it cost to close a business in NJ?

What does it cost to end my business? Business TypeAnnual Report and Ending Fee For Profit Corporations All Outstanding Annual Reports $95 Non Profit Corporations All Outstanding Annual Reports $75 Limited Liability Companies All Outstanding Annual Reports $125 Limited Partnerships All Outstanding Annual Reports $751 more row

What needs to be done to close a business in NJ?

File Your Business Closure With the State File the closure of your business. You will not be able to close your business if your annual reports are not current. File your future annual reports until your business is formally closed. Cancel tax registration. File final tax returns.

How much does it cost to close an LLC in NJ?

Use the New Jersey Business Endings and Cancellation Service to dissolve your LLC online. By mail or in person, file a Certificate of Cancellation with the New Jersey Division of Revenue. You can pay the New Jersey $95 dissolution fee and the $25 tax clearance certificate application fee by check or credit card.

How much does it cost to close on a business?

A direct wind-down is usually the least expensive option, ranging between $25,000 and $75,000. The cost variation depends on the complexity of the dissolution process. Its a straightforward process where you cease operations and liquidate assets directly to pay off creditors.

What is a certificate of dissolution and termination in NJ?

The certificate of dissolution and termination is available online for download and there is a fee for filing. By filing these articles, you are formally terminating the LLCs status as a business entity registered directly with the state. This is also referred to as the formal process of dissolution.

L 110b 2025

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What happens if I dont dissolve my LLC in NJ?

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L 110b 2025

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Got questions?

What happens if I dont dissolve my LLC in NJ?

How much does it cost to close a business in NJ?

What needs to be done to close a business in NJ?

How much does it cost to close an LLC in NJ?

How much does it cost to close on a business?

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