Administrative Dissolution of Corporations and LLCs Adopted in California

Posted on December 10, 2018 by Richard Burt

The following is the text of an e-bulletin that I wrote and that was published by the Corporations Committee of the Business Law Section of the California Lawyers Association. On September 22, 2018, Assembly Bill No. 2503 was signed into … Continue reading →

Posted in Corporate Law, Entity Law, Limited Liability Comanies (LLC's), Limited liability companies (LLC), Suspended Entity | Comments Off on Administrative Dissolution of Corporations and LLCs Adopted in California

Perils of Dissolution, or Hey, FTB, Where’s My Dough?

Posted on July 19, 2016 by Richard Burt

Sometimes a California limited liability company (LLC) or California corporation dissolves and files a final tax return which shows it has a refund coming, but the refund is $800 short. How could this happen? It’s because the Franchise Tax Board (FTB) … Continue reading →

Posted in Entity Law, S corporations, Suspended Entity | Tagged , | Comments Off on Perils of Dissolution, or Hey, FTB, Where’s My Dough?

Assignee of Suspended Corporation Cannot Sue on Assigned Claim

Posted on November 1, 2013 by Richard Burt

In Cal-Western Business Services, Inc. v. Corning Capital Group, Inc. (2013) 221 Cal. App. 4th 304, a judgment creditor assigned to Pacific West One Corp. the judgment creditor’s interest in a judgment against Corning Capital. Then, at a time when Pacific West … Continue reading →

Posted in Commercial Law, Corporate Law, Suspended Entity | Comments Off on Assignee of Suspended Corporation Cannot Sue on Assigned Claim