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Updated over 6 years ago on . Most recent reply
How to Close an LLC in Indy
Hi BP folks,
How to close an LLC opened in Indianapolis and are there any procedures or reporting I have to follow to take money out of the bank account linked to the LLC? The property was sold at a loss.
thanks,
Most Popular Reply
Greg Scott
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Greg Scott
#3 Wholesaling Contributor
Pro Member
#3 Wholesaling Contributor
- Rental Property Investor
- SE Michigan
I've never heard of any situation that would cause you to not be able to remove your money from a bank account associated with an LLC. Unless you have some legal judgement against you or the LLC there should be no issues. It is your money.
You can easily google Articles of Disolution of Limited Liability Company and find the instructions on Indiana.gov on how to do so.