What happens when I close my entity?
Closing an entity on OtoCo is permanent. The Entity NFT is transferred to a dead address and OtoCo services for that entity stop.
How to close
- Select the entity at https://otoco.io/account
- Open the Manage tab
- Review the closing fee (USD plus gas) and the irreversibility warning
- For U.S. entities: confirm IRS filings are complete, or accept the risk
- Click Close and sign the onchain transaction in your wallet
For tokenized entities with a Safe or governance setup, closing may require a governance proposal first.
What happens
- Entity NFT burned / sent to dead address
- Registered agent, VMA, and other OtoCo services stop
- You can no longer renew, bank, or file taxes through that entity on OtoCo
- Onchain plugin data (Safe, tokens) is not automatically unwound
Before you close
- File pending Tax Center returns
- Withdraw funds from entity wallets and bank accounts
- Export documents from Files & Templates
- Cancel third-party subscriptions tied to the entity
Cannot undo
Blockchain transactions are irreversible. OtoCo AI will confirm before executing a close action.
Full guide: Close Entity · Close without filing taxes