CALIFORNIA
”A California corporation cannot convert to a foreign entity.” California Secretary of State
“Domestic corporations (those originally incorporated in California) may legally dissolve…
Requirements for CA Franchise Tax Board (FTB)
The business entity must:
- File all delinquent tax returns and pay all tax balances, including any penalties, fees, and interest.
- File the final/current year tax return. Check the applicable Final Return box on the first page of the return, and write “final” at the top of the first page. All tax returns remain subject to audit until the statute of limitations expires.
- Cease doing or transacting business in California after the final taxable year.
Requirements for CA Secretary of State (SOS)
The business entity must:
- File the appropriate dissolution, surrender, or cancellation form(s) with the SOS within 12 months of filing the final tax return.”
California Franchise Tax Board
“A domestic (California) corporation can dissolve by filing the applicable termination form(s) online. at **bizfileOnline.sos.ca.gov** Election to Terminate – CA Corporation and Termination – CA Corporation, unless the election to dissolve is made by the vote of all the outstanding shares, in which case only the Termination – CA Corporation is required.
California Secretary of State
ILLINOIS
Related Reading:
Conversion Information :: California Secretary of State