California Limited Liability Company Llc Withdrawal
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How to fill out California Limited Liability Company LLC Formation Package?
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FAQ
How do I dissolve a California corporation or LLC? Pay any owed fees, penalties, or California Franchise Tax payments to the California Franchise Tax Board. File the correct dissolution form with the California Secretary of State.
A member of an LLC can be removed only through a written notice of withdrawal. An LLC only negates the need for a notice of withdrawal with an operating agreement or organization articles describing how members can vote others out.
Every LLC that is doing business or organized in California must pay an annual tax of $800. This yearly tax will be due, even if you are not conducting business, until you cancel your LLC. You have until the 15th day of the 4th month from the date you file with the SOS to pay your first-year annual tax.
The form you'll need to file to dissolve your California LLC depends on how your members voted to dissolve. If the vote to cancel the LLC was unanimous, you'll file the Certificate of Cancellation (Form LLC 4/7). If the vote to cancel the LLC was not unanimous, you'll file the Certificate of Dissolution (Form LLC-3).
The Certificate of Dissolution puts all on notice that the LLC has elected to wind up the business of the LLC and is in the process of paying liabilities and distributing assets. In order to terminate the LLC, the LLC also must file a Certificate of Cancellation (Form LLC-4/7).