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How do I close a stock corporation in California?

To dissolve a corporation in California, take the following steps: Board Meeting, Motion, and Vote. ... File a Certificate of Dissolution With the California Secretary of State. ... Advise Federal and State Tax Agencies of the Corporation Dissolution. ... Close Accounts, Credit Lines, and Licenses.

How much does it cost to dissolve an LLC in California?

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 do you wind a corporation in California?

Steps to dissolve, surrender, or cancel a California business entity File all delinquent tax returns and pay all tax balances, including any penalties, fees, and interest. File the final/current year tax return. ... Cease doing or transacting business in California after the final taxable year.

What form do I need to dissolve a corporation in California?

You should file corporate resolutions dissolving the corporation with the Secretary of State and complete Form 3555 Request for a Tax Clearance certificate with the Franchise Tax Board.

What form do I need to dissolve a corporation in California?

You should file corporate resolutions dissolving the corporation with the Secretary of State and complete Form 3555 Request for a Tax Clearance certificate with the Franchise Tax Board.

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How much does it cost to dissolve a corporation in California?

You can submit the Certificate of Dissolution by mail or in person. As with the Certificate of Election to Wind Up and Dissolve, there is no fee for a Certificate of Dissolution that is mailed in, but there is a $15 special handling fee for documents hand-delivered to the SOS office in Sacramento.

How do I shut down an LLC in California?

Steps to dissolve, surrender, or cancel a California business entity File all delinquent tax returns and pay all tax balances, including any penalties, fees, and interest. File the final/current year tax return. ... Cease doing or transacting business in California after the final taxable year.

Do you have to pay the $800 California LLC fee the final 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.

How long does it take to dissolve a company in California?

How long does it take to dissolve a California business? The California Secretary of State's processing times vary based on traffic, but it will probably take their office around 3-4 weeks to process your dissolution.

What is a California stock corporation?

When you form a California corporation, you issue shares of stock to your owners, who are known as shareholders. It is these shares of stock that designate ownership in a corporation. In general, a shareholder exchanges assets, such as money or property, in return for stock.

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