What if you close an LLC business account in the USA, and after that, you get hit by check returns and deposits?

In most situations, your bank should be able to assist. They may not allow any new transactions.

An important point to note is that you should ensure your books and taxes are handled properly. They should reflect this new activity and you should file your final tax return.

Secondly, as a best practice and part of our business dissolution checklist we always recommend :

1. Notifying customers and vendors about the business closure with adequate notice period. This will ensure all pending transactions mentioned in the post gets tracked and handled correctly.
2. Notifying bank. This is so you can plan on additional funds to cover any pending transactions and so the bank is aware of the closure.

** Based on our response to a post on quora

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Posted In: Company Formation

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