Are you searching for information on how to revive a business in San Diego in order to dissolve it? Dissolving an LLC or corporation in California can be a time consuming and complex legal task. The Watkins Firm has 40+ years of experience serving the business, science and tech, real estate and medical / healthcare communities here in San Diego and across California. Our business attorneys will can help business owners with these burdens while protecting their interests.
Dissolving a San Diego LLC or corporation occurs during the hardest times for any business owner. In some cases the corporate entity itself is “suspended” or “forfeited” by the State of California, and in order to close the business, we must first “revive” it. Reviving a corporate entity involves restoring the business to an active status so that we can complete the work of dissolving the LLC or corporation. The process to revive a business in San Diego in order to dissolve it can be a complex task. However, this must be accomplished to protect the personal assets and interests of the owners now and in the future.
There are Several Reasons Why a Business Owner Might Need to Revive a Business in San Diego in Order to Dissolve It
There are several reasons a corporate entity can become suspended or forfeited including the nonpayment of taxes, penalties, fees or interest to the State of California, or the failure to file associated tax returns.
If your business is suspended, it is not able to file a lawsuit or defend itself in a business dispute. There are limitations on how it can file tax returns, claim refunds or file appeals with the FTB or BOE. This must be reversed before we can begin the process to close the company. If the California Secretary of State suspended the business we will work to reinstate your company or “revive” the LLC or corporation. This usually involves payment of back taxes, fines and penalties and completion of all related tax filings and forms.
The experienced business dissolution attorneys at the Watkins Firm will handle every detail and work to revive your corporate entity. We will then turn our attention to the needs of the dissolution of the corporation or LLC. If you are concerned about the status of your company or need to learn more about how to revive a business in San Diego in order to dissolve it we invite you to review our podcast Episode 19 – Your Business Attorney is a Valuable Partner as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
