AB 2503 - Spidell

AB 2503

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Message Board AB 2503

This topic contains 1 reply, has 2 voices, and was last updated by Lynn Freer 10 months ago.

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  • #120081

    With the passage of this bill back in September (and the subject of 11/11/18 California Minute), am wondering if I still will need to file a 568 for an LLC that formed 7/27/18, but then quickly cancelled 10/5/18, having conducted no business in CA during this time.  It sound like and tax, penalty and/or interest will be waived but what about the requirement of the return, assuming I wait until after 1/1/19 to initiate this administrative dissolution..?

  • #120282
    Lynn Freer

    I would suggest filing the short year return and you will not be liable for the $800 minimum tax because no business was done and then you can cancel with the SOS and you’re done.