I am an attorney and I would be happy to assist you! What I think you are asking when you mention government, is how to withdraw and notify California. If you mean the federal government, then please let me know and I can answer your questions on that if you offer more information. since you have not stated whether you are a sole shareholder or among many, I will provide you the directions for both scenarios.
With regards XXXXX XXXXX a company in CA, if you are the only shareholder it will be quite easy. You will need to file dissolution papers with the CA secretary of state, cancel any business licenses
, as well as contracts
with your registered agent.
Here are the instructions and form to file your dissolution in CA:
You should transfer the assets to any other company before you file your dissolution papers. You do not need to inform CA of the transfer of the assets, if you are the sole shareholder. You should prepare a document though, evidencing a list what assets you have transferred and to where, for your records.
You should also comply with all regulations set by the CA Franchise
Tax Board, to inform them of the dissolution of the company. You can find a guide on your responsibilities here:
You should also comply with the IRS regulations concerning closing a business, which you can find here:
If there are other shareholders and officers of the corporation and you are merely withdrawing and transferring assets, then you must comply with the Articles of Organization the company holds, as well as any Operating Agreement
the company may have drafted. Those two documents will inform a shareholder of their rights and obligations, with regards XXXXX XXXXX from a company and transferring assets. After you have withdrawn and the transfer of assets has occurred, it then becomes the company's obligation to amend any documents with the CA Secretary of State, Franchise tax Board and IRS removing your name.
You must also communicate to the chairman your resignation in writing and its effective date. With respect to shares, the Articles of Incorporation and Operating Agreement, if any, will provide guidance.
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