Lp-lc II. affidavit to rescind cancellation of limited liability company/limited partnership 2025

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In general, an LLC is required to pay the $800 annual tax and file a California tax return until the appropriate paperwork is filed with the SOS to cancel the LLC.
Domestic (California) limited partnerships: To cancel the Certificate of Limited Partnership of a California limited partnership (LP), the LP must file a Certificate of Dissolution (Form LP-3) and Certificate of Cancellation (Form LP-4/7).
Although some people confuse dissolution and termination, dissolution does not terminate an LLCs existence. What it does is change the purpose of its existence. Instead of conducting whatever business it conducted before, a dissolved LLC exists solely for the purpose of winding up and liquidating.
Certificate of Cancellation is a formal document that dissolves or terminates a companys existence, indicating that it is no longer in operation and its legal status has been discontinued.
Heres the easiest way to think about it: Dissolution is what the LLC does to wind down its business affairs. Cancellation is what the Secretary of State does when the LLC is canceled. If all members voted unanimously in favor of the cancellation then you can file for cancellation using Form LLC-4/7.

People also ask

When a limited liability company goes out of business, the company dissolves and goes through the winding up process. During the winding-up process, the LLC and its members must resolve all outstanding legal matters, including debts and contractual obligations the company owes.
Dissolving and Winding Up Your LLC in California The state requires an LLC to file two certificatesa certificate of dissolution and a certificate of cancellation of articles of organizationwith the California Secretary of State (SOS) to end the LLCs registration unless all LLC members approve the dissolution.

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