How to Terminate a California LLC by New BizFile System or Mail | how to close your CA LLC

[@ElizabethPW]

Here's the link to the BizFile system: bizfileonline.sos.ca.gov/ and here's the link to the PDFs www.sos.ca.gov/business-programs/business-entities/forms/limited-liability-companies-california-domestic If you can't select the file, then you need to "request access" to your LLC in bizfile.

[@KenTurnerSings]

I paid a law firm to create my LLC 10/2022. Now that I’ve decided to terminate, am I legally entitled to a refund ?

[@iamltmoney]

Thank You.... You're awesome 🙂

[@fuzzytraveller8588]

What if the LLC is shutting down but the owner will continue to pay off the debt even after the LLC is closed? Can that be used?

[@Shianne224]

@@ElizabethPW hey I need help. I started my LLC in 2021 never filed. Everything in file amendment is grey. Can you help?

[@KidNavi]

You're amazing, just filed an LLC for my music but realized creating a sole proprietorship is the way to go for me since I still get all the tax benefits. Later down the line I will create an LLC and will most likely come back to your videos haha thank you so much!

[@ElizabethPW]

You're welcome!

[@jjjohnson3342]

I started this process the other day and immediately got confused by the election to terminate form versus the termination form and really appreciate how clearly you went through the different options. Thank you for making this so much easier! I would have procrastinated for so much longer if I hadn't found your video.

[@ElizabethPW]

Welcome!!

[@gayaneg.3805]

I can't THANK YOU enough!!! i was scratching my head trying to figure out which form to file. It's SUPER confusing.

[@katstacy.h]

I usually don't leave comments, but I need to on this one. Thank you so so much for posting this informative video. my tax preparer made it sound like paying him $800 was the only way to dissolve my LLC here in Cali, I did it in a matter of minutes for free. Thank you so very much I really appreciate what you do.

[@ElizabethPW]

Great to hear!

[@valeriah6830]

This was SO helpful!! I used the short form and got it done in the same sitting as I watched. I loved that your video was recent. THANK YOU SO MUCH!!

[@ElizabethPW]

Great! Glad that you got that done

[@sofoo539]

Same, thank you so much Elizabeth!!

[@jasono2669]

Can one members to sign for all voters ?

[@coachshar7223]

Thank you so much! Your video was the ONLY one that actually walked me thru exactly what I needed to get done! VERY HELPFUL!

[@ElizabethPW]

Glad it helped! :)

[@stagoz]

Thanks so much Elizabeth! Your tutorial is clear and thorough. This was just what I needed to terminate an LLC that I started but had never launched.

[@ElizabethPW]

Glad it was helpful!

[@kiecoughlin]

This was super straight forward and helpful. Thank you!!!!!!!

[@ElizabethPW]

Welcome!

[@scottmckay9681]

Thank you for this video. Without your help, I would never have known to link the LLC entity to my online account. Once that was complete, following your instructions to terminate my LLC was simple.

[@ElizabethPW]

Great to hear!!

[@jasmineiris3109]

OMG!!! THANK YOU! You are so helpful. It has been such a struggle to navigate through all of these request. I've actually loss so much sleep over it. I'm so thankful for your videos.

[@ElizabethPW]

You are so welcome!

[@dantimes2]

Believe or not I was told by a tax preparer that he would charge me $1000, I was able to do it for FREE because of you! Thank you so much!!!

[@muditjain7667]

Thank you so much for creating this video. CA website is complicated with so much bureaucracy specially that web access needs to be requested before it will show the correct forms. They also strangely use different terms "elect to terminate" vs "dissolve" in different places for no reason. Your video helped explain the process very clearly.

[@danielyi5650]

Really love your advice! There's such a lack of information online, and though you may not have too many views, your videos are helping me tremendously. Thank you so much for this video!

[@ElizabethPW]

Glad you found them useful!

[@destinybrousard6046]

Thank you so much for getting back to me!

[@genevieveelaine221]

I cannot thank you enough for posting this video! I wasted all afternoon trying to figure out how to cancel my LLC online with no success. I canceled an LLC online in CA before without any trouble but it has changed. Now, if only I could figure out EINs - I will have to search your videos.

[@ElizabethPW]

Glad it was helpful to you!

[@citapaaid3592]

AGGGGGHHHH THANK YOU GLAD I DID IT TODAY MY 12 months literally was today !!! I was so worried about this. I didn’t wanna be responsible in any way if I didn’t file taxes or whatever but I don’t even need an llc so why spend that money yk. Maybe later in life. But thanks so much you are so appreciated

[@ElizabethPW]

Great to hear that you made the deadline!

[@nickisashkir]

Thank you! I created an LLC but didn't realize there's an $800 tax due yearly. Not yet ready to launch my idea and need a few years to work on it.

[@ElizabethPW]

Glad to help!

[@zhensguo9689]

This is really helpful. I've been searching for detailed explanation of the process for a while and finally got to your video. it's so organized and explained the process in details with demos on the real website! Thank you so much for sharing this!

[@ElizabethPW]

Great to hear, thanks!

[@k.s.3421]

Thank you for this! I have literally wasted 2 days searching this site because I didn’t associate the “file amendment” button with terminate…. and I have a college degree 😂😂😂. I hope the State fixes this. ❤

[@ElizabethPW]

I agree that no one would know that "file amendment" means terminate!! They really need to work on their user interface, eh?

[@diionhart]

Hello Elizabeth thanks for sharing all of this information! I am trying to cancel/terminate my llc in CA under file amendment the termination paperwork is not highlighted eventhough my business is in good standing. any tips on why this is?

[@ElizabethPW]

Hm my guess is that your login account doesn't have access to modify that LLC

[@user-bf7dd7jk8n]

Oh my gosh! THANK YOU SOOO MUCH! I couldn't have done it without you. You are a true Godsend for making these videos!!❤❤❤

[@ElizabethPW]

Welcome!

[@keviinschannel]

Thank you for taking the time to show us how to terminate an LLC in California (:

[@ElizabethPW]

welcome!

[@howtohermione2]

Thanks you just saved me money. Also you helped me a couple years ago when I started my LLC :)

[@ElizabethPW]

Glad I could help!

[@fundedbydow949]

Watch the whole video y’all… the information you’re looking for begins @ 8:00 though

[@whitestone2469]

Your videos have helped me reach over $300,000 in trading by age 24! Thanks Elizabeth Potts. Keep the videos coming. 👍🏽

[@andrewblack4432]

Congrats and wishing you the best .

[@favourazah1504]

I'm convinced that the big investors and analysts are trying to scare us to keep us poor and ignorant to the market.. because its steady doing good after all the jobless and market crash talks .

[@jamesjude4988]

Keep up the great work

[@whitestone2469]

@kim sun When I was 21 ,but you need a finance Pro if you don’t want to loose and if you want to be more successful

[@whitestone2469]

@kim sun follow⬇⬇

[@jmpmusic-ltd]

Thanks!

[@ElizabethPW]

Thanks for that!

[@PeaceForAllLLC]

It was very helpful for me to terminate my LLC. You probably saved me hundreds of dollars on counselors or lawyers. What you do is truly inspiring, Elizabeth. Thank you for your time and knowledge! I would like to ask two questions. The first one is: I followed your instructions on bizFile and terminated my one-person LLC. Is that all, or is there anything else I need to do next? The second question is: I would like to start a nonprofit in California. Do you have any videos explaining how to do that?

[@ElizabethPW]

Great to hear! So if you set up anything else, you need to close those down (business license, bank account, etc.). You might need to file a final tax return (depends if your biz operated and/or was opened for more than a year). I'm not the person to ask about non-profits, sorry! Here's a law firm I recommend www.fplglaw.com/

[@janicepaiement6432]

YOU ARE GREAT!!!! Appreciate you SO MUCH, Thank you! It has been a while since I have closed a corp and before Covid I was able to easily close online. Now, you have to request the pin to get access which I did for 3 clients and they never received it. Same address too, so no issue there. I am going the paper route this time to be sure.

[@ElizabethPW]

Great to hear that it helped you! You know, I have not heard of anyone who has received their PIN - makes me wonder if it actually happens

[@sophierandone2234]

Thank you lady! This was awesome ! You calmed down my anxiety 🎉

[@KackJack45]

no because when i say all my damn anxiety ok she did say we had to file taxes for the llc even though we did not use it

[@maggiedomingo1126]

THANK YOU for sharing this information! This is exactly what I was looking for and needed help with.

[@davesmortgage]

Very well explained. Thanks for helping explain the ins and outs of terminating the CA LLC. Very Helpful :)).

[@ElizabethPW]

Welcome!

[@phillipengel1504]

This video was very helpful, thank you. I have a question about timing. I am closing an LLC I've had since 2005. For 2023 I have not done any business in the LLC. I have a checking account for the LLC with a little money in it (under $100). There is no debt. I would like to close the LLC before the end of the year so I don't have to pay the $800. There are 4 steps I need to do: terminate the LLC with bizfile, file the final tax returns, close the checking account and close the EIN with the IRS. My question is what is the correct order. I thought I would start with terminating the LLC on bizfile and then close the bank account and then file the final return when the forms/software is available for 2023 and finally close the EIN. But in the video you mentioned that the bank account should be closed before submitting the termination. I was thinking that I might need the bank account to pay for any fees during the winding down process. Can you clarify the order in which these things should happen? And thank you again.

[@ElizabethPW]

If you just have the bank account open to pay the last taxes and such, that should be fine -- just need to not be doing actual business anymore

[@henryg3871]

Thank you for the great video. -My question is which box on the LLC-3 form do I check for line item number 3, if I am a SMLLC? I am the only person in my business, so I believe the correct box for line item number 3 is the first box. I just can’t afford to keep my business open any more. All my taxes paid in March and no debt and no legal issues. Please and thank you

[@ElizabethPW]

If you are the only owner, you are voting to dissolve (so it is over 50% -- here it is 100%), the second box. The first box is for something specified like some businesses automatically terminate after one year.

[@keshalmurrystowe]

Thank you so much, I was struggling to find the termination form. I appreciate you.

[@ElizabethPW]

Glad I could help!

[@javonne2561]

My situation is to dissolve in California due to moving out of state and need to start a new LLC in the other state. So I was looking for more clarity in this type of scenario. At least I know where to start looking, thank you

[@ElizabethPW]

Welcome!

[@notanishbilmiman9019]

This is such a helpful video! Do i have to file statement of info that i missed from last year in order to close the llc??

[@ElizabethPW]

I am finding that they have not required that lately, but technically they could. They will let you know

[@kaibakorp11]

Thank you so much for this video. It helped so much! I can breathe easily now that it got done.

[@ElizabethPW]

Glad it helped!

[@annakorovina2887]

Thank you so much. The website haven't changed anything up to date, so still same names everywhere.

[@dmsrated]

This video saved me. Such great information and well explained. Thank You!!!

[@EmersInFFT]

Hi Elizabeth! Your videos have been very helpful--thank you for taking the time to make them. I know it's very last minute, so I don't expect a response, but it would be amazing if you did. I terminated my LLC as of today 4/15/24 and also filed and sent my Involuntary Dissolution FTB waiver last friday. Being that it's terminated, do I still need to pay the $800 franchise fee and file taxes? The LLC was initiate in 6/2022 and never did business.

[@ElizabethPW]

Since it existed for over one year then technically you have to pay/file taxes unless you get the waiver

[@katebarber4517]

Great Video I followed along and got it all filed and ready to mail in the old way. Thank you so much for your help. 😃

[@ElizabethPW]

Great to hear!

[@tristiner-y1073]

Thank you for this great step by step video! I just followed it and did it myself successfully! Thank you

[@ElizabethPW]

Great to hear!!

[@kathrynhill160]

Thank you! This was really helpful. Very organized video and saved me a lot of stress.

[@ElizabethPW]

Glad it helped!

[@norahofmans4280]

Thank you so much for your help. With your information I was able to be connected and then file to be dissolved. Now waiting on the final paper. But, I am done.

[@ElizabethPW]

Glad it helped

[@TheCampsiteArtist]

Hi Elizabeth. Please help. I did follow all your indication to file Termination of my LLC . But when I click on file amendment and opens that list ( min, 9:26) all those links are colored in grey and I can't click on them, except one link in blue "Resignation of agent for service of process".... I'm literally stuck there and don't know what to do,,,I would like to terminate my LLC before the end of the year because unfortunately never run the business . Can you help me? Can I hire your services ? Thank you ....

[@ElizabethPW]

You need to "request access" to your LLC so you can do those other filings. If you can't get access, then best to file via PDF in the mail

[@TheCampsiteArtist]

@@ElizabethPW OMG you answered me !! Thank you so much... just one more question... how I get PDF files?? Thank you again

[@ElizabethPW]

www.sos.ca.gov/business-programs/business-entities/forms#locate-your-form

[@fn-2187]

This was amazing information. Thank you so much. Now I know where to start to ask for legal advice.

[@ElizabethPW]

Welcome!

[@ednasalinas5975]

Your explanation is great. Today is Dec 5, 2023, the BizFile System is pretty much the same, still calling it "File Amendment" but I don't see the Termination-Short Form any longer. By the way, do we have to do anything with the EIN? Thanks for your great work.

[@ElizabethPW]

The short form will disappear for you if your entity has been existing for more than 12 months. You don't really tell the state about the EIN via bizfile -- it will just be on your tax return

[@DawnKellyMedia]

OMG THANK YOU!!! I'm closing my photo business and opening a media company.

[@ElizabethPW]

welcome!!

[@creativecapitalists]

Very helpful, thank you. For those that have let inactive entities sit idle (stopped doing business for 1 year or more) or have essentially abandoned their entity without paying the annual CA franchise tax, do you recommend folks use the CA Voluntary Admin Dissolution/Cancelation process to seek termination?

[@ElizabethPW]

Yes

[@BJ-jl8ri]

Do I have to file a LLC $800. tax return when I shut down before 12/31/24?

[@ElizabethPW]

check out this video kzbin.info/www/bejne/mHLTi6yKq5qhn5o for more info

[@oltreehuiwork9283]

Thank you Elizabeth for this amazing video! Thanks to your help, I just filed my short form termination through bizfile. On the website of state of California franchise tax board, I found a line that states "If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year." Does it mean I don't need to pay the $800? Thank you!! And do I need to notify IRS about it? Would be nice if you can advise me on this.. Best wishes :)

[@ElizabethPW]

Right if you filed the short form within 12 months and never operated the business, then no $800 franchise fee. The IRS only gets notified if you created an EIN with them (then you can close the EIN account)

[@HandcraftedByIreneB]

Thank you for your help. In January I filed to terminate but realized it said pending termination. I filed the wrong form. I just did it again and it was terminated immediately.

[@themiragereigns]

@@HandcraftedByIreneB This happened to me too. I filed for termination last January. Just today I realized that my LLC's status still says Active Pending Termination. I came across this video and your comment and realized that my LLC still hasn't been terminated. So I refiled again just now and it was finally approved. Are we still going to file for the $800 LLC fee?

[@HandcraftedByIreneB]

@ that’s a good question. I didn’t really think about that. When I filed my taxes I filed for the final tax for LLC. Let me know if you find out.

[@dahb81]

Was an absolute help !! Thanks for the video & saving my headache :)

[@ElizabethPW]

Glad it helped!

[@GuillermoGarciaSE]

Thank you for making this video, It was very clear and to the point. It is much appreciated.

[@ElizabethPW]

You're welcome, great to hear!

[@yeseniafranco5176]

Very well explained! Straight to the point. 🙌🏻

[@nurse5464]

Thank you for your video; it was very helpful. I went through your steps, and when I searched LLC, it said terminated. I just want to make sure that LLC is no longer active. If the Status says terminated, I did it right, correct? And I have one more question. Before I terminated, it highlighted the "state of information" due date. Does this mean I need to pay something and still need to pay something when I terminate the LLC? And I did not know I needed to pay $800 annual pay tax. I opened it on August 2023 and I just learned that before I terminated. Where can I find if I owe anything?

[@ElizabethPW]

Yep that's right! For the annual tax, check out this info: kzbin.info/www/bejne/mHLTi6yKq5qhn5o

[@raineortz]

Elizabeth thank uou for the content. Once you get access. Will it then go straight to my records?

[@ElizabethPW]

Once you get access it should be in your records, or you can just search for it

[@jessiezavala8788]

Very Helpful video, thank you for such thoughtful information.

[@ElizabethPW]

Glad it was helpful!

[@wisamkhazaal1254]

You are awesome I think you covered everything in a probational way. Thank you

[@ElizabethPW]

You're very welcome!

[@salvadormacias8576]

Hi. I have a C-Corp. On FTB website says that requirement to close for SOS, is to file dissolution within 12 months after filing final tax return. Do I have to wait until 2024 to file my 2023 final tax return and then file with SOS and FTB to close my business? Or can I do everything before the final tax return? Thank you so much

[@ElizabethPW]

You can do a dissolution first, and in the docs you are just saying that you promise (under penalty of perjury) to do the taxes by the tax deadline

[@shava83]

@@ElizabethPW Thank you so much

[@user-ih3se8lj2q]

Hi Elizabeth, thanks for the great video and all that you do. One question; I had a California single member llc and recently completed the articles of conversion for the state of Florida when I changed residency. If I understand correctly, since I will no longer be conducting business in California and the llc is in good standing, then I only need to file the certificate of cancellation in California. Is this correct? Thanks again for all the great content!

[@ElizabethPW]

I file the conversion in both states -- convert in and convert out.

[@DerekForde]

Thank you so much. The whole process without you is confusing.

[@ElizabethPW]

Glad to hear it helped!

[@daniellapcosta]

Thanks so much Elizabeth! You're amazing! Merry Christmas :)

[@ElizabethPW]

Thanks!

[@writerdirectorallymay]

I hope you see this question. On the File Amendment tab, none of the files are clickable or highlighted except the Registration of Agent of Service, so I'm not able to click them to get to the dissolve, what should I do?

[@ElizabethPW]

That means you are not authorized to file for the LLC. So you'll have to "request access" and get it granted by whomever has access to it (usually who created the LLC for you)

[@conner818]

Thanks for making this! These gov websites make it confusing.

[@ElizabethPW]

I hear you!

[@MC-gf9su]

Do we need to sign a board resolution for voting only for internal company records - in addition to submitting Form LLC-4/7 as all members vote to dissolve? (Your video is so helpful!) Thanks

[@ElizabethPW]

Yes have a written resolution for your internal purposes

[@arbiter0451]

So now is the final step filing form 568 with the ftb? Thank you for your help

[@ElizabethPW]

Filing the final tax return yes is typically the final step

[@FTGMotorsports]

Incredibly clear and concise explanation - thank you

[@ElizabethPW]

Welcome!

[@Authentici_D]

Thank you. You cleared up many things for me. I had a lawyer open up the LLC for me earlier this year and I have been requesting access for the past month. This is probably why the option to terminate are grey and not clickable on the file amendment section on bizfile. Smh. I think I am going to just file it in person and have the SOS send it form me if anything. Thanks again.

[@ElizabethPW]

Ah yes. The weird aspect is the bizfile system won't let me add a client's email to the LLC I file for them -- it is only set up so they can request access. Cumbersome.

[@girl_unfiltered]

This is so useful, thank you! If I'm terminating a CA business in March and moving it to another state, am I still liable to pay taxes and the full $800 for that year? Just wondering if I should wait to close it down.

[@ElizabethPW]

My understanding is that if the business operated in CA for Jan to March then yes you'd still owe the $800 franchise fee

[@terrenexplores8128]

Thanks for the information, Elizabeth! If using the PDF to mail the form, how do you define the last day of the LLC? There's no line item on the form to note the last day of the LLC. I want to make it clear that the LLC is cancelled by the end of the year so there's no liability for the $800 franchise fee in the next year.

[@ElizabethPW]

The last day is when they receive it in the mail -- they stamp it (assuming it is accepted)

[@AB-vh5tl]

Thank you for the detailed video, I was able to complete the short form termination form since my LLC was made this January and no business was conducted, 2 questions, am I still required to file taxes for the LLC (state and or federal) and if so, will I be required to pay the 800$ franchise fee or no, and if so is there a way to be exempt from it?

[@ElizabethPW]

If you did short form and the business never operated and never made any revenue, then you don't need to file taxes

[@ArtisticYogurtz]

Hi Elizabeth, thank you for this video. I would like some confirmation just because you shared a lot of information and to make sure I did this correctly. My LLC is single member and it's older than 12 months, but I never started a business on it. Does this mean I can just file a form of Termination in CA or Out of State?

[@ElizabethPW]

Yes (the bizfile system won't let you file the short form)

[@ArtisticYogurtz]

@@ElizabethPW thank you for the response. Without your video, I almost considered paying $100 to get the LLC dissolved

[@ericsframe9189]

Hey Elizabeth, I appreciate you taking the time to answer these questions. My LLC technically started business, but never ended business (meaning we began a contracted project, but the contract was never fulfilled and no revenue was earned) are we still subjected to file the short form? 2. We filed our Articles of Organization on Jan 24th 2023, do we still have to pay the $800 fee in if we terminate before Jan 24th? God bless.

[@ElizabethPW]

Hm my thought is that the LLC was in business if it offered services (but just didn't get paid). However, there was a rule for 2023 that there is no franchise fee for the first year. If you chance the LLC RIGHT NOW ASAP then you would also not owe for 2024 (if before Jan 14th)

[@gizmocat11]

Hello, glad to see a video on this. I dissolved the business through LegalZoom. The current status of the business is now "Terminated", but I got a letter from the Secretary of State saying that I need a new agent and submit a Statement of Information. The business became inactive in April but the letter is dated in June. Do I need to do anything in response if the business is already terminated?

[@ElizabethPW]

Hm it could be when they switched over the system in April, the letter got sent out over the old data bc it had not all been transferred yet. When you check bizfileonline.sos.ca.gov/ it says "terminated" there (not just per legalzoom), right?

[@gizmocat11]

@@ElizabethPW Yes, this is through the BizFile site. It says "Terminated" for the status but "No Agent" for the agent listed, which is different from before

[@ElizabethPW]

Hm I don't know of a requirement anywhere for terminated LLCs to still have an agent. It might be a weird aspect of the new computer system that hasn't been worked out yet

[@gizmocat11]

@@ElizabethPW Ok thanks for your input. I wanted to confirm before I disregarded the letter

[@phoenixbluex]

Hi. Thank you very much for the detailed step-by-step video. I have 2 questions. 1) If I file the termination in Dec 2024, but they don't fully process it until sometime in 2025, it still counts as closed in 2024 and I don't have to pay 2025's $800 llc tax right? 2) What happens if I close my LLC, but some websites like Amazon or Paypal are still connected to my LLC's name and I receive payments after my LLC is closed? Will there be legal problems?

[@ElizabethPW]

1 - they back date it to when it was filed online. 2 - yes that’s a problem bc you’d still have income so taxes need to be filed

[@phoenixbluex]

@@ElizabethPW Thank you very much for the reply. Some more questions.. From what I read, there's 2 steps in closing an LLC in California. One is the form in the video, the other is a Final tax return with the FTB. Do you have any videos about the final tax return, and does it need to be filed asap (or can it be done 1 day before taxes are due without any consequences)? and are those the only 2 things to close a llc and that's all?

[@katiebartnett4103]

Great Video! All your videos are so informative. Thank you. Question: If I formed my LLC in Aug 2022 and I want to terminate it in April 2023, do I still need to pay the $800 franchise tax?

[@ElizabethPW]

Not for tax year 2022 but they would want it for tax year 2023

[@cottageindustry1265]

So helpful, the video is just what I needed! Do you know if any steps are required to dissolve the EIN? Thank you!

[@ElizabethPW]

Hm well you will file your final tax return (you just check "final" on the return) to let the IRS know it is closed. Also check this out: www.irs.gov/businesses/small-businesses-self-employed/closing-a-business

[@Robert____2121]

I’m about to terminate my LLC and wanted to know if I would still need to pay the $800 LLC fee. I haven’t conducted business at all this year and I’m about to file my final tax return. Thanks for all the help!!

[@ElizabethPW]

Here's some info about what you may need to do kzbin.info/www/bejne/mHLTi6yKq5qhn5o

[@qiudyliu1600]

Thanks for your video I learn a lot of information from it.Question!if I submitted the termination form online should I file the PDF form again and mail it to them?I would really appreciate your reply

[@ElizabethPW]

If you file online (and it goes through and is accepted) then you don't need to also do the PDF

[@ryanhuff585]

Thank you for this. This was exactly what I needed.

[@ElizabethPW]

So glad!

[@garry9521]

Hey Elizabeth, We love watching your videos! Last Year, I opened by S Corp which I closed due to the business being extremely slow. Is their a way I can revive it and I don't know how to either nor could I find a video in which you've explained it. Please help me out and let me know. Thank You!!

[@ElizabethPW]

Hm check it out in bizfile to make sure it says it was terminated. If it was terminated and says in bizfile, then you should be able to create a new corp with the same name.

[@garry9521]

@@ElizabethPW Thank you for you reply! So I checked and it states that it was terminated. I wanted to ask if we have to repeat the entire process as when we started it in order to revive it. Also, would I also have to get a new EIN # or would I be able to use the same one?

[@habibyigit1363]

Hello @ElizabethPW, Thank you so much for all these information. i have couple questions if you can help me please with these questions. we have multi member LLC, we opened llc on 09/2023 and we didn't conduct any business we decided to close on 2023 but we just wanted to wait for the Final file tax return. we didn't dissolve still, and on bizfile we see short of cancellation form, do we need file final tax return this month and termination short form ? do we have to pay LLC fee $800 for 2023? also as i know we do not need pay LLC fee $800 for 2022 but i confused to pay or not LLC fee for 2023 ? also we have another multi member llc we opened on 02/2023 its been over 12 months we conducted business for 3 month. after we file final tax return this month, we have to file cancellation form and mail it right ? if we waive LLC fee for the 2022, do we need to pay LLC fee $800 for 2023 ? thank you so much

[@ElizabethPW]

Not sure if there was a typo, but if the LLC was formed in 9/23 then the "free" tax year was tax year 2023. If the business still existed in another tax year (like this year, 2024), you have to pay the franchise fee for the other tax year unless you get a waiver from the FTB. And yes you have to cancel it with the sec of state -- filing the final tax form doesn't cancel it.

[@habibyigit1363]

Thank you very much@@ElizabethPW

[@mellangestudio]

Thanks for this helpful video. Where do I file the paper version of the "Termination Packet". There's no instructions. Do I just mail the packet it to the address located on the Submission Cover Sheet? (SOS Business Programs Division in Sacramento)

[@ElizabethPW]

Right there is a PO Box on the top of that sheet

[@gillianhersh4272]

Thanks for the great video! I found this after I filed and mistakenly filed the Election to Terminate and then the Termination forms. I only needed to file the latter. Wondering if you think I need to do any follow up because of this? Thanks!

[@ElizabethPW]

Hm just look at the file and see if the termination was accepted fine -- if so, then you should be good

[@cynthianader4705]

Hello thank you for the great tutorial. Under File Amendment the only form highlighting was resignation of Agent. I’m on the form where resigning agent for service of process. I have marked Calif register agent. I have registered agent. I can’t confirm am authorized representative of the Agent Service. How can I finish the forms to close my CA LLC? Do I have to wait for the agent to give me approval? Service of Process. Thank you

[@ElizabethPW]

The person/entity that formed your LLC needs to give you approval (which may or may not be your registered agent) -- after you do the request on bizfile, contact them directly so they grant it

[@johnnytran62]

Great video very clear and concise!!!

[@ImpsMusic]

I'm trying to terminate my L.L.C which is less than a year old. When I click “File Amendment” everything is grayed out. I’ve also clicked “Request Access”, but haven’t been granted access via an email link or any notification. Please help.

[@gladymartinez9694]

Same thing happened with mine! I'm so confused

[@ElizabethPW]

So if you are "greyed out" then you don't have access. When you hit "request access" the system sends an email to whoever has access. Usually it is who you paid to set up the LLC (like Incfile or Legalzoom or a lawyer or accountant). Best strategy is to contact that company/person to get them to approve your request

[@burcuonaranel]

Hello Elizabeth! This is very helpful. I have an important question for you: Under my account it doesn't allow me to click the termination form, do you know why is that and can you help me with this please? 🤗

[@ElizabethPW]

You need to get access to your LLC account by hitting "request access"

[@ayebeyou9103]

Great video, thanks for the info. I'm still a little confused on what I check off on form LLC-3 at the Dissolution box. I'm a sole member. Do i check "The happening of event ..." or do I check "The vote of 50 percent or... " I wasn't able to connect online so I'm having to do the pdf/mail in option.

[@ElizabethPW]

Well if your written Operating Agreement stated how you would dissolve, then you could check that. If you are not sure if your OA specifies that, then you can just have a vote (of yourself lol) to dissolve and check the vote of 50%+ box.

[@ayebeyou9103]

@@ElizabethPW thank you

[@ConfessionsofaBakingQueen]

Thank you for this clear video, so helpful! I am terminating my LLC in CA but opening an LLC in Texas for the same company- when you mention at the ending making sure everything is closed like bank accounts etc. I would be opening my Texas LLC under the same EIN so can I keep it all the same or you suggest closing bank accounts and reopening? And if I am moving in January should I put the future day of 12/31/23 for termination of the business to try and avoid paying the $800 annual CA fee? Thanks so much!!

[@ElizabethPW]

I'd agree that yes you'd want to shut it down by 12/31 so you can avoid an extra year of $800. Generally people do keep the same EIN and bank account, but you'd need to check with your bank to make sure they are okay with it

[@krisstuhfur]

Hi I was able to terminate my LLC from the "Certificate of termination" do I still need fill in the two PDFs at the end?

[@ElizabethPW]

If you can do it online then you don't need to also do the PDFs

[@krisstuhfur]

@@ElizabethPW thank you for the response! Did you make a video on what to do with your business debit and credit card? If not would you mind making one :)? Thank you again for your help!!

[@kitcullinane5115]

Thanks, your tutorial was very helpful

[@ElizabethPW]

Welcome!

[@IT-ey2ct]

This was so helpful, thank you! I filed my LLC in July 2022 and terminated using short form in November 2022. (no account opened or made money) The status is terminated but do I need to do anything else and file final tax even though didn’t make money?

[@ElizabethPW]

Hm my understanding is you file the tax form but just with a bunch of zeros

[@lindahuber5302]

Thank you for this information appreciate the step By step ! if LLC had an event which the operating agreement states “upon BK will cause to dissolve” is this automatic or need to submit something in California ?

[@ElizabethPW]

It is not automatic, they won't know about the bk - you'd need to file to terminate. But ask the bankruptcy attorney about the timing.

[@lindahuber5302]

@@ElizabethPW thank you for your reply, the BK ended in 2018 a closed case, I was not in BK my spouse did by himself and is now Deceased. I’m trying to close down LLC, I’m the only member how to proceed with closing down LLC? Operating agreement states “dissolve upon BK, death” ? Thank you

[@ElizabethPW]

You probably need to file by paper/mail because you wouldn't be able to get online access to it. Here are the termination forms: bpd.cdn.sos.ca.gov/llc/forms/llc-3--4-7.pdf

[@r.krosta3426]

It really worked for me mine was short term… now do I need to notify IRS as well.. because I don’t know what the next steps are?

[@ElizabethPW]

For the IRS you file the tax return and check the box "final" tax return

[@Anonymous-ie9cw]

Hi, Elizabeth. Truly Thank you for your helpful video. May I ask you a question, if you mind? I applied LLC application just couple months ago and now I want to give it up. I din't make any profit under this LLC company and never got involved law issue. Am I able to avoid paying annual fee If I submit Form LLC-4/8 through the gov website that you shared? I appreciate it...!

[@ElizabethPW]

Yep file the short form, if you never used it

[@Anonymous-ie9cw]

@@ElizabethPW Thank you very much! :)

[@brianadunn36]

Thank you for helping me figure out how to terminate my business. Ironically today was the day before it made 12 months since i made it lol I Think that is how the termination was approved instantly.

[@ElizabethPW]

Ah, great to hear it went well!

[@trumanbrown3492]

Very helpful, thank you!

[@peggysaydell4982]

Thank you Elizabeth. This video was very helpful. I haven't tried this process yet, but I'm sure there is a fee involved to this filing which wasn't mentioned but I assume it is listed on the form or web page. Thanks!

[@ElizabethPW]

Interestingly, LLC termination in CA doesn't have a fee!

[@hansolotravels]

I am curious about this as well as I am trying to dissolve an LLC in CA that was never started. What fee are you talking about? 3rd party company are trying to charge $120 to do this but the process in this video is very straight forward and doesn't mention any fees.