Did You Actually
Close Your Business?
Before you move, relocate, retire, or start something new, make sure your old business is properly closed with the IRS, state agencies, appraisal districts, and tax offices.
Many business owners stop operating, move abroad, or start something new without realizing their old business may still be active. Months or years later, they may receive state tax notices, franchise tax bills, property tax assessments, annual report penalties, or IRS correspondence.
Common Oversight
Stopping Operations Is Not the Same
as Closing a Business
LLC Still Active with the Secretary of State
Your business registration remains open even after you stop operating, triggering annual report fees and penalties.
Final Federal Return Not Marked Final
The IRS still expects future filings if your last return wasn't marked as final.
State Franchise Tax Account Still Open
Texas, California, and other states continue billing franchise taxes on inactive entities.
Sales Tax Permit Still Active
An open sales tax permit can result in estimated assessments and penalties from the state comptroller.
Payroll Accounts Not Closed
Open payroll accounts may continue generating reporting requirements with the IRS and state agencies.
Business Personal Property Tax Account
Local appraisal districts may continue assessing taxes on equipment or inventory you no longer own.
Old State Tax Notices Piling Up
California FTB, Texas Comptroller, and other agencies send notices to old addresses for years.
Old Business Tied to a Prior Address
Notices and correspondence continue going to outdated addresses, creating missed deadlines.
Expats & Relocators
Moving Abroad or Leaving the State? Clean This Up First.
If you are relocating, becoming a digital nomad, moving overseas, or leaving a high-tax state, old business accounts can follow you. California FTB notices, Texas franchise tax issues, local appraisal district assessments, and IRS letters can appear years after you thought the business was done.
This service is ideal before:
- Moving overseas
- Applying for a visa or long-term stay abroad
- Closing a business before relocation
- Starting a new LLC
- Switching business structures
- Ending an S-Corp election
- Leaving California, New York, Texas, or another state with active tax accounts
Related Global Resources
Hive Tax Book includes a dedicated Global Remote & Tax Intelligence center for expats, digital nomads, and business owners relocating abroad.
The Service
Business Exit & Closure Review
We review whether your inactive or closed business still has open filing obligations, tax accounts, notices, or agency records that need attention.
What's Included:
Pricing
Choose the Right Level of Help
Business Exit Review
$149
- Basic business closure review
- Agency account checklist
- Written findings
- Closure recommendations
Business Closure Package
$299
- Everything in Business Exit Review
- Business closure letter template
- Final filing roadmap
- Notice response checklist
- Agency contact checklist
Full Business Wind-Down Support
Starting at $499
- Review and guided closure support
- State account closure assistance
- IRS final filing support guidance
- Property tax / appraisal district closure support
- Sales tax and payroll account closure review
- Custom next-step action plan
Final filing, state filing fees, legal dissolution fees, tax preparation, and third-party agency fees are not included unless separately quoted.
Business Closure Risk Check
Check any that apply to your situation:
Is This For You?
Who This Service Is For
Frequently Asked Questions
Is stopping business activity enough to close my business?
No. In many cases, you still need to close state accounts, file final returns, notify agencies, and resolve open notices.
Can an inactive LLC still create tax notices?
Yes. If accounts remain open, agencies may continue sending notices, estimated assessments, penalties, or filing requests.
Can this help if I moved abroad?
Yes. This service is designed for business owners who relocated, moved overseas, or are preparing to leave the U.S. and want to reduce future tax notice risk.
Does this include tax return preparation?
No. Tax return preparation is quoted separately if needed.
Does this dissolve my LLC?
The review identifies whether dissolution or account closure may be needed. Formal dissolution filings may be handled as an additional service depending on the state and situation.
Don't Wait
Do Not Let an Old Business
Create New Tax Problems
Before you move, relocate, start another LLC, or ignore another notice, let us review whether your old business was properly closed.