How to Dissolve a Business in CA

Notify State & Local Authorities

When you started your business, you had filed your articles of incorporation with the state of California. Also, you sent them annual reports and paid taxes accordingly. When you shut down your business, it is important to:

  • fill out all the necessary forms both at state and federal level;
  • notify the state that your business is closing;
  • follow the IRS guidelines for alerting it of the dissolution;
  • make sure your business will not be longer liable for filing taxes and reports.

There are many opportunities for error when filing all the forms, which could prolong the dissolution process or attract lawsuits. We will support you in the process, and complete the forms together, making sure these comply both with the law and with your company’s particular situation. 

Winding up the Business

Our counsellors will help you in paying all your debts, then in paying yourself and/or your business partners, and also in notifying all the interested parties about the dissolution.

  • Inform the employees and start the mass layoff, if it is the case;
  • Inform potential creditors of an impending closing;
  • Inform lenders, insurers, suppliers, vendors, and service providers to terminate those contracts;
  • Pay all the valid current debts and compensations to employees and creditors;
  • Distribute the remaining business assets to the owners/shareholders, as stated in your organizational documents.

 

Terminate business licenses & foreign registration

  • Does your business own any license or operational permit? The tax agency or the licensing agency also need to be notified about the dissolution.
  • Does your business have a foreign registration with another state? The state authorities need to find out about the business closing too.

In both cases, additional forms and steps need to be taken, and we can do them for you simply and effective.

Talk with our business attorneys today to plan the dissolving process and avoid any further liability after dissolution. Give us a call!

Client Reviews

6/27/18, FindLaw.com

Rated 5 out of 5

We received a letter from an attorney representing an ex employee from years ago. This letter couldn’t have come at a worse time for our family. Although the ex-employee had no substance in their case and this was mostly a nuisance, we felt very vulnerable and unprepared. I reached out to a few lawyers for a quote and their retainer fees alone were deal breakers. When I reached Thomas Gallagher, he approached my case from a completely different angle and walked me through the many small steps we would take to get through this issue. Within the first conversation I felt like I had a plan of attack, an attorney I could trust, and that our family was protected. Our case ended up never going to court. In fact, Thomas was able to resolve the entire issue within a week. I am extremely happy with the results from this potential lawsuit, but even happier knowing my family and business is now protected by a lawyer than can get the job done.

anonymous

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