Close Entity
Closing an entity on OtoCo is permanent. Before you start, make sure you've handled any open tax filings — IRS compliance forms cannot be completed after the entity is closed.
How to close an entity
- Select the entity you want to close from the dropdown at https://otoco.io/account.
- Open the Manage tab.
- Under Close Entity, review the closing fee (USD plus gas) and the irreversibility warning.
- U.S. entities (Delaware / Wyoming): confirm you have filed all required IRS annual compliance forms, or explicitly accept the risk of closing without that confirmation. Use the link to open Tax Center first if you still need to file.
- Click Close and sign the onchain transaction in your wallet. This transfers the entity NFT to a dead address and closes associated services.
For tokenized entities with a Safe or governance setup, closing may require a governance proposal first — the Manage tab will guide you through that path.
What happens when you close
- The entity NFT is burned / transferred to a dead address
- Registered agent, mailing address, and other OtoCo services for that entity stop
- You can no longer renew, bank, or file taxes through that entity on OtoCo
- Onchain plugin data (Safe, tokens, etc.) is not automatically unwound — handle treasury and token positions before closing if needed
Before you close
- File or purchase any pending Tax Center returns if your entity is a U.S. LLC
- Withdraw funds from entity wallets and bank accounts
- Export anything you need from Files & Templates
- Cancel or transfer any third-party subscriptions tied to the entity
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