Get CA FTB 3557 LLC 2017-2023

Reinstating a California LLC requires filing a Statement of Information (Form LLC-12) with the California Secretary of State. Reinstatement with the Franchise Tax Board (FTB) may also be necessary by filing LLC Application for Certificate of Revivor (Form FTB-3557).

By way of background, a dissolved California LLC remains in existence for lawsuits against it, whether such suits are brought before or after the LLC's dissolution. ... Such filing, however, is not the event that dissolves the LLC; it is not when the dissolution occurred.

If state law and your time frame allow you to sue an LLC after it is dissolved, you may still face other obstacles. ... When suing a dissolved LLC, you can only collect from its remaining undistributed assets or assets distributed to members after liquidation, depending on the circumstances.

A Canceled LLC occurs when all of the members agree to the cancellation and a Certificate of Cancellation is filed with the State. The result is the termination of the powers, rights, and privileges of the LLC. [Cal. Corp. Code § 17707.08(c).]

Under state LLC laws, an LLC is a legal entity, in effect a legal person. An LLC can sue and be sued, own property, enter into contracts, and do many of the things that an individual human being can do. ... A member has no interest in specific property of the limited liability company.

Determine in which court you should file your lawsuit. If you and the LLC reside in the same state, file the case in the county or city in which the problem occurred. ... Draft a complaint. The complaint is the initial document that you file with the court to begin a lawsuit. ... File a copy of your complaint with the court.

A suspended corporation, or LLC, may not prosecute or defend an action in a California court. ... A suspended LLC is still considered an entity but it cannot legally transact any business and will have their powers, rights, and privileges suspended until they file for revival of their entity.

When a corporation is suspended, it has lost all rights and privileges as a corporation and cannot legally operate. In that regard, technically a suspended corporation is required to close its business and stop all business related activity. Moreover, a suspended corporation cannot sue or defend any action in court.

A suspended corporation is a corporation that the California Secretary of State has put on suspended status. ... Yes, you can sue a suspended corporation. Although a suspended corporation does not have a right to sue or defend itself while it is suspended (Cal. Rev. & Tax.

Suddenly, they hit a snag when they receive a notice that their business entity (e.g., corporation or limited liability company) has been deemed SOS/FTB SUSPENDED or FTB SUSPENDED. ... Most importantly, a suspended business entity loses many of its powers, rights and privileges within the State of California.

A corporation suspended by the FTB can be revived by filing an Application for Revivor on FTB Form 3557. To begin one calls the FTB Revivor Unit at 888-635-0494 to determine exactly what the FTB believes is required to revive the corporation.

How to Reactivate a Dissolved LLC. Filing articles of dissolution with the state that authorized its existence will officially dissolve a limited liability company, or LLC. ... Otherwise, the only way to reactivate a dissolved LLC would be to form a new LLC using the same name as the old.

If you have shut down your LLC and need to reinstate it ( reopen it), you can do so at any time. You need to file what's known as the Articles of Reinstatement. The filing fee for the Articles of Reinstatement is $100.

But even though an inactive LLC has no income or expenses for a year, it might still be required to file a federal income tax return. ... An LLC may be disregarded as an entity for tax purposes, or it may be taxed as a partnership or a corporation.

Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC or other statutory business entity, by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.