IN.gov - Skip Navigation

Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.

DOR > En Español  > How to Close Your Business with the Department How to Close Your Business with the Department

July 7, 2009

There are several reasons that can lead a business to close. Whatever the reason, it is important to close whatever tax accounts the business may have with the Indiana Department of Revenue.

Closing a business is not as simple as just closing the door one last time and going home. In addition to getting rid of inventory and assets, closing bank accounts, etc., final paperwork will need to be filed with the Indiana Department of Revenue

To close business accounts with the Indiana Department of Revenue:

  • All business accounts (sales/use tax, withholding, food and beverage, etc.) must be up to date and paid in full.
  • Make sure the Department’s records are current and list the correct responsible officers for the business.
  • A business closure request form (BC-100) must be filed for each location. This step is very important. If the locations are not properly closed and returns are not filed, fees and costs that would be due, even if no tax is due, would be charged.

If the business owner is a corporation and chooses:

  • To dissolve it, he or she must file Form IT-966. When filing the last corporate income tax return, be sure to mark it “FINAL”.
  • NOT to dissolve it, file the Business Entity Report 48725. If he or she fails to do so, the Secretary of State’s office will dissolve the corporation. Then the owner will have to go through additional costs and paperwork to get the corporation reinstated.

And remember to visit the New and Small Business Education Center at www.smallbiz.in.gov/ to answer a variety of business-tax questions. With this online tool, businesses can access tax information and resources, and can update account information, register to collect new tax types, find forms and other valuable resources, and file and pay taxes online through INtax – 24/7.

For more information about business taxes, or to speak with a bilingual representative at the Indiana Department of Revenue, please call (317) 232-2240 (press 2 for Spanish) from 8 a.m. to 4:30 p.m., Monday through Friday. Or you can submit questions via e-mail to jevans@dor.in.gov Or visit our new Web site at www.impuestos.in.gov/

If you have any suggestions for this blog, please e-mail those suggestions to Señora Hinojosa at feedback@dor.in.gov

Stay Connected

You are leaving the IN.gov website. By clicking OK, you will be taken to a website that is not affiliated with the State of Indiana and may have different privacy and security policies. The State of Indiana is not responsible for, and does not endorse, guarantee, or monitor content, availability, viewpoints, products, or services that are offered or expressed on this non IN.gov portal website.