Pls help- C Corp Question
How to close a C Corp in the State of California.
We had a startup which hasn't gone anywhere and would like to close it.
Can anyone please help with the above ?
What forms etc does one need ? Any urls ? Any thing I should make sure that I do or don't do.
Any suggestions, pointers would be highly helpful.
Pls let me know.
Thanks, Rita
Aside from the fact that approval from the Franchise Tax Board is required, this is more a legal question than a tax one.
The process is fairly involved. You have to have shareholders and directors meetings approving the dissolution. Then you need to inform the Secretary of State about the election to dissolve. Then you need to actually dissolve. When that's done you have to get a tax clearance certificate showing that all taxes have been paid. Then finally inform the Secretary of State that it's all done.
Start here:
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