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Caution DRAFT FORM This is an Advance Draft Copy of a California Ftb Ca

Caution DRAFT FORM This is an Advance Draft Copy of a California Ftb Ca

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hey this is attorney Elizabeth Potts Weinstein and today we're going to talk about what to do if you have a California LLC or corporation that is for a business that no longer exists maybe you never even launched the business and you want to shut it down but the problem is is you don't want to have to pay the 800 a year franchise fee to the state of California so is there any way to get out of this if this business no longer actually exists and you just need to shut down the lseo corporation so let's get in to how to handle this situation so what this situation applies to is you're someone who create an LLC or a corporation in California and let's say you literally never launched this business but it's been going on you you open up this LLC of Corporation months or years ago and it's just been sitting there nothing is happening or you did launch the business and it existed for a while but it is now not existed for a while and you

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