Am I required to notify the Secretary of State if I close my business?
Sole Proprietors and General Partnerships
Yes, pursuant to law, a sole proprietor or general partnership (NT7) who ceases to do business in the state of Nevada must notify the Secretary of State by completing the Sole Proprietor or General Partnership Cancellation Statement found here. If the Sole Proprietor or General Partnership Cancellation Statement is received after the expiration date additional fees may apply.
Title 7 Entities (LLC, Corporations, etc.)
Title 7 entities must file dissolution or other terminating documents with the Secretary of State in order to avoid the annual fee and a penalty for non-payment.
You may be liable for any legal requirements governing a business in the State of Nevada if you fail to cancel or file dissolution/terminating documents. Click here for more information.