Equity Agreement Document Withdrawal In California
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If all your shareholders voted unanimously to dissolve the corporation, you'll file Form DISS STK—the Certificate of Dissolution. If the decision to dissolve was not unanimous, you'll use Form ELEC STK—Certificate of Election to Wind Up and Dissolve to dissolve your corporation.
To submit Form SI-100, you may file it online at the California Secretary of State's website or mail it to the Statement of Information Unit at P.O. Box 944230, Sacramento, CA 94244-2300. For in-person submissions, visit the Sacramento office located at 1500 11th Street, Sacramento, CA 95814.
There are no state filing fees for any type of California LLC cancellation or foreign LLC surrender; however, if rush processing of the dissolution is required, additional legal fees and other requirements apply.
Four steps to dissolve your California LLC Step 1: File certificate of dissolution. Step 2: Give notice to creditors and Franchise Tax Board. Step 3: Submit the certificate of cancellation. Step 4: Address registrations from out of state.
Explain the reasons for the withdrawal, giving as much detail as possible and being honest as to what led to the decision. As per the terms of the agreement, I will fulfill all obligations until the date of withdrawal and will do everything in my power to ensure a smooth transition.
Provide written notification to the LLC of your intent to remove yourself. Receive what interest in the company you are due. (The other members are required to buy you out in line with the Articles of Organization and your share of ownership in the business.)
A member may withdraw, resign, or retire at any time by simply giving the other members written notice.
Voluntary Member Removal An LLC owner might decide to withdraw of their own (voluntary dissociation). For example: They may wish to retire, They may resign because of conflicts with other members.
