Tuesday, August 16, 2011

How to convert LLC to Sole Proprietor?

You need to liquidate and dissolve your corporation which is a pain in California. Basically you need to draw up minutes of dissolution from the stockholders and the board of directors and file them with the Secretary of State. They are strict as to proper procedures and if you are even a few days into 2010 they will want their franchise tax for that year.

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