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Leg. in California to take affect Jan. 1

Effective January 1, 2019, California domestic business corporations and LLCs will be subject to administrative dissolution or administrative cancellation if the entity’s powers, rights, and privileges are, and have been, suspended by the Franchise Tax Board for a period of not less than 60 continuous month

Such customer entities will be dissolved after the prescribed period of suspension.  Upon dissolution, the entity would appear to no longer have the ability to file a revivor.

Click here to learn more about the new legislation or call CORPSMART™ at 800-737-8009 if you’re worried that your entity may be compromised.

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