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Can LLC names that are suspended forfeited or canceled be used?

LLC names listed as Abandoned will show as Forfeited. LLC names that are Suspended, Forfeited, or Canceled cannot be used. If none of these statuses are present, then the name you have chosen for your LLC is usable. To make sure you are legally protected, be sure you are using a unique name for your company.

Can you dissolve a suspended LLC?

If the business entity is suspended or forfeited, it will need to go through the revivor process and be in good standing before being allowed to dissolve, surrender, or cancel.

What is involuntary dissolution of FTB?

Under the involuntary (FTB initiated) dissolution process, we may initiate an administrative dissolution of a domestic corporation or administrative cancelation of a domestic limited liability company (LLC) if the following requirements are met, the entity has: Been suspended by FTB for 60 or more consecutive months.

How do I dissolve a suspended LLC in California?

File the appropriate dissolution, surrender, or cancellation SOS form(s) within 12 months of filing your final tax return. Currently, LLCs can submit termination forms online. Online submission for Corporation and Partnership dissolution/cancellation forms is not available at this time.

What happens if your LLC is suspended?

When your business has been suspended or forfeited, it is not in good standing and loses its rights, powers, and privileges to do business in California. To revive your business and be in good standing, you must: File all past due tax returns. Pay all past due tax balances.

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Why would an LLC be suspended?

The FTB will suspend a California LLC if the LLC: (1) fails to pay its required annual franchise tax (minimum annual franchise tax is $800), fails to pay the gross revenue tax, or any taxes due and owing; (2) fails to file a state tax return (a tax return is required even if the LLC transacted no business); or (3)

How do you dissolve a suspended corporation?

File the appropriate dissolution, surrender, or cancellation SOS form(s) within 12 months of filing your final tax return. Currently, LLCs can submit termination forms online. Online submission for Corporation and Partnership dissolution/cancellation forms is not available at this time.

Do you have to pay the $800 California LLC fee the first year?

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.

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Can LLC names that are suspended forfeited or canceled be used?

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