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Updated over 6 years ago on . Most recent reply

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Krishnan T.
  • Real Estate Professional
  • Tampa, FL
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How to Close an LLC in Indy

Krishnan T.
  • Real Estate Professional
  • Tampa, FL
Posted

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,

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Greg Scott
#4 Real Estate News & Current Events Contributor
  • Rental Property Investor
  • SE Michigan
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Greg Scott
#4 Real Estate News & Current Events Contributor
  • Rental Property Investor
  • SE Michigan
Replied

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.

  • Greg Scott
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