This pamphlet provides an overview on the dissolution of a limited liability company (LLC). Topics included cover the reasons for dissolution, different types of dissolution, and steps needed to dissolve an LLC.
California USLegal Pamphlet on Dissolving an LLC
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Multi-State
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US-PMPH-08
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How to fill out USLegal Pamphlet On Dissolving An LLC?
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FAQ
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.
Closing an LLC is not as simple as locking the door and walking away. There are several steps you must take to protect yourself from liability and withdraw remaining assets from the company. by Brette Sember, J.D. Making the decision to close a business can be stressful.
The California LLC has 60 days from the date on the notice of pending forfeiture to file the delinquent statement of information. If a corporation or LLC does not respond to the notice within the 60 days, its business entity status will be suspended or forfeited.
There is no fee to file the certificate of dissolution. However, there is a non-refundable $15 special handling fee for processing documents delivered in person at the Sacramento SOS office. It can take the SOS many weeks to process a certificate. However, expedited service is available for an additional fee.
How to Dissolve an LLC in CaliforniaFile its final franchise or annual tax return for the preceding taxable year in a timely manner.Cease doing business in California after the last day of the preceding taxable year.File the necessary documents to cancel the LLC within twelve months of filing the LLC's final tax return.