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Forgot to Dissolve Old LLC — State Charging $800/Year in Penalties

Started by nine_to_five_grind_22 · Jun 5, 2024 · 1 replies
For informational purposes only. This is not legal advice.
DL
nine_to_five_grind_22OP

Looking for advice on this situation. Forgot to Dissolve Old LLC - State Charging $800/Year in Penalties Any ideas?

Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?

RL
rebecca_l_13

Learned this the hard way. Had a Delaware LLC I formed in 2020 for a side project that never took off. Forgot about it completely until I got a letter from the Delaware Division of Corporations saying I owed $900+ in back taxes and penalties. And I had ZERO revenue.

Ended up having to hire a registered agent to handle the dissolution paperwork since I didn't have a Delaware address. Total cost to clean up a company that never did anything: about $1,400. Expensive lesson in why you should dissolve entities you're not using.