The consolidation process helps to avoid bankruptcy for a bail bonds agency, or any other professional. Collection of Outstanding Balances Are you closing and are still owed money from several clients? To recover the funds, you may have to contact them. In the case of sewer line repair firms might send letters or work with collection agencies to get the money that they require to alleviate the financial burdens. The key is to manage your tax situation -- Closing your business will result in complicated tax situations that can only add to your legal challenges. In order to minimize the long-term worries about the financial health of your business, contact an expert tax adviser who can explain these actions. Make contact with local and state officials to find out how you can dissolve your LLC. There are a couple of actions you must take to dissolve the LLC. This is the time to end this period of your business's existence and go on into the next phase of your life, not worrying about the possibility of lawsuits. It is not a good idea to shut down a businesses to prevent lawsuits. However, on the other hand, you obviously need to keep going and see what you can do to succeed. If you are left with no option but to close down but, following these guidelines can assist in ensuring that you are doing things correctly to avoid any concerns regarding your business. There are many ways to prevent your business from being closed down to guard yourself from legal action. Through taking the entire process above but the last one could mean that you don't have the company close with a bad ending. This situation can be handled in a safe manner by staying vigilant and secure while being mindful of legal consequences. You must fight for the right of your business to exist! You deserve it. .