Process for dissolving a recently-opened Colorado LLC?
Forms for the Colorado LLCs are online. You can find the link to the dissolution form here, and instructions here. IRS instructions are here. That's what they want: To close your business account, send us a letter that includes the   complete legal name of the entity, the EIN, the business address and   the reason you wish to close your account. If you have a copy of the   EIN Assignment Notice that was issued when your EIN was assigned,   include that when you write to us at: Internal Revenue Service Cincinnati, Ohio 45999 Everything is pretty straight forward.  Note that you might be required to file a initial/final tax return if you had any transactions.
Are you looking for one of the ways to satiate your hunting adventure? We at Colorado Private Ranches can dole out an absolutely pleasurable experience. We offer unguided DIY Elk and Deer hunting and lodging facilities with the complete assurance of begetting a thrilling adventure. http://www.coloradoprivateranches.com/index.php As the offshore planning world turns, the limited liability company (“LLC”) is starting to appear with greater frequency as an alternative to the conventional offshore asset protection trust.  It is desirable because unlike the offshore trust, which requires an independent trustee, the LLC permits the client to remain in full control as the Manager of the entity.  While the typical offshore trust provides the highest form of asset protection, the asset protection afforded by the LLC is significant, and with retained control, provides a powerful combination.  Recently, St. Vincent and the Grenadines as well as Nevis, have sought to improve their legislation by offering superior LLC statutes.  Each is progressive and will be desirable for planners and clients alike. I realize this is a stale topic, but to anybody who may swing by looking for an answer to this question (on the recently revised W-8BEN), a foreign taxpayer can get an individual taxpayer identification number (ITIN) without being resident in the US.  However, an ITIN will often not be necessary for W-8BEN purposes if you have a tax number from your local jurisdiction.  Check the Form W-8BEN instructions for your specific situation, but some taxpayers will need neither a US-issued ITIN nor a foreign-issued TIN. Forming a Delaware or Nevada LLC would be expensive and generally subject to federal and state tax and filing obligations.  It would also moot the need for a W-8BEN, which only applies to foreign taxpayers; the equivalent form for domestic taxpayers is Form W-9. "Who is they? Lots of people putting out fake stats with an agenda.  It's been legal in Colorado for years at this point and still no apocalypse that was predicted by many detractors citing ""facts"".  We do have a lot less people being arrested though, and that is great." "I'm not an accountant, and you should probably get the advice of one to be sure about what to do.  However, if the business is a sole-proprietorship, you'd complete a Schedule C for the business, and you'd end up with a loss at the end.  If the investment you made in the business is considered to be entirely or partially ""at risk"" per the IRS definition, you'd get to claim all or part of the loss as a reduction in your income.  If the business was an LLC, then you're beyond my already limited knowledge. There may be some other considerations based on whether this was really a business vs a hobby, and whether or not you're going to try to continue with the business, or whether you've shut it down.  I'm not sure about those parts, but they'd be worth exploring with an accountant." There's no reason to keep the California LLC if you don't intend to do business in California.  If you'll have sales in California then you'll need to keep it and file taxes accordingly for those sales.  You can just as easily form a new LLC in Washington state and even keep the same name (if it's available in Washington, that is). Keeping the California LLC just creates paperwork for whatever regulatory filings California will require for no purpose at all.   As for your question about it looking suspicious that you just set up an LLC and then are shutting it down, nobody's going to care, to be honest.  As with your situation, plans change, so it isn't really all that unusual.  If you're concerned the government will say something, don't. "You need to hire a tax professional and have them sort it out for you properly and advise you on how to proceed next. Don't do it yourself, you're way past the stage when you could. You're out of compliance, and you're right - there are penalties that a professional might know how to mitigate, and maybe even negotiate a waiver with the IRS, depending on the circumstances of the case. Be careful of answers like ""you don't need to pay anything"" that are based on nothing of facts. Based on what you said in the question and in the comments, it actually sounds like you do have to pay something, and you're in trouble with the IRS already. It might be that you misunderstood something in the past (e.g.: you said the business had filed taxes before, but in fact that might never happened and you're confusing ""business filed taxes"" with ""I filed schedule C"") or it might be the actual factual representation of things (you did in fact filed a tax return for your business with the IRS, either form 1120 of some kind or 1065). In any case a good licensed (CPA or EA) professional will help you sort it out and educate you on what you need to do in the future." "I think the best advice you could get would be to find a lawyer. If that foreign company has any presence in the US, they should be the ones signing off as the successor, otherwise you may find yourself in a limbo that would require some legal assistance. Generally, in most States a Corporation cannot be dissolved without resolving issues like this, which is probably why they told you ""the plan is terminating"". Someone asked them to terminate it. You need to find that someone."