but filing paperwork with the state and notifying creditors are important steps that will help limit your potential liability and allow you to move forward with the next phase of your career. as long as the llc is active, the owner is required to file annual reports, pay annual fees, and pay minimum taxes. the members of an llc must vote to dissolve the company. if it does not, you should follow the procedure for llc dissolution described in your state’s llc statutes. once you’ve made the decision to close your llc, you need to notify your creditors you are going out of business. notifying creditors helps you take care of your llc’s remaining financial obligations before dissolution and limits the possibility of late fees or litigation over unpaid obligations.