I realize that to cancel an LLC, all I have to do is fill out a form and send it in (I’m the only person in my business- no other partners/managers/board members), however, my fictitious business name was registered by “My Business Name, LLC”, my business bank account is in the name of “My Business Name, LLC”, my business insurance is in the name of “My Business Name, LLC”, etc. Basically “LLC” is plastered all over all of the peripheral parts/paperwork of my business.
My reason for canceling the LLC is that basically I’m paying an $800 LLC tax every year for a business that’s not booming, and for a level of asset protection that, in retrospect, I don’t think I truly need (basically, I don’t have any assets to protect- I’m not married, no dependents, no house, no gigantic investments). I’m thinking of “downgrading” to a sole proprietor, and maybe eventually- closing the business all together- sigh…
If I do cancel, I’m going to have to re-file ALL of that other paperwork as a sole prop, get insurance as a sole prop, and close the bank account an re-open as sole prop, aren’t I?
You are not a lawyer, and all that… 