To dissolve an LLC in California, you must take the following steps:
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File Articles of Dissolution with the California Secretary of State: This document must be filed with the California Secretary of State and must contain information about the LLC and the reason for dissolution. The filing fee is $20.
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Notify creditors and other interested parties: You must notify all creditors and other interested parties of your LLC’s intent to dissolve. This includes filing a Notice of Intent to Dissolve with the California Franchise Tax Board, notifying any creditors or other parties with whom the LLC has contracts, and publishing notice of the dissolution in a newspaper of general circulation in the county where the LLC’s principal place of business is located.
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Wind up the LLC’s affairs: Once you have filed Articles of Dissolution and notified creditors and other interested parties, the LLC must wind up its affairs. This includes settling all debts and liabilities, distributing any remaining assets to members, and filing final tax returns.
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Close business accounts and cancel licenses and permits: Once the LLC’s affairs have been winded up, you should cancel any business licenses or permits that the LLC holds and close any accounts that are no longer necessary.
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File final tax returns: Lastly, you must file a final tax return with both the California Franchise Tax Board and the IRS.
It is important to note that there may be additional steps required depending on the specific circumstances of your LLC. For example, if your LLC has employees, you may need to file additional forms with the state or federal government. It is also important to consult with a licensed attorney to ensure that you have completed all the necessary steps and to protect yourself from any potential liability.
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