May 19, 2018Now, to talk about those who wish to pursue Corporate Law without doing a CA - A person can practice in Corporate Law right after he completes his LL.Is doing LLB a smart move after CA? - QuoraIs it better being a chartered accountant or a corporate lawyer? - QuoraCan we do an LLB after a CA? - QuoraIs it advisable to do law after CA for a person who wants to start his More results from www.quora.com
May 19, 2018Yes, According to regulations under Chartered Accountants Act 1949, a CA in practice is not allowed to engage in any other activity or business or profession Is doing LLB a smart move after CA? - QuoraCan we do an LLB after a CA? - QuoraCan we do law after completing the CA? - QuoraIs it advisable to do law after CA for a person who wants to start his More results from www.quora.com
Additional Steps
There are some additional steps that may need to be taken when closing a business entity.
They include:.
1) Notifying all creditors, vendors, suppliers, clients, and employees of the intent to go out of business.
2) Closing out business checking account and credit cards.
3) Canceling any licenses, permits, and fictitious business names.
4) Consider .
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Can a business dissolve in California?
Business entities doing or transacting business in California or registered with the California Secretary of State ( SOS) can dissolve, surrender, or cancel when they cease operations in California and need to terminate their legal existence here.
Domestic corporations (those originally incorporated in California) may legally dissolve.
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How do you ratify a defective corporate act?
The self-help process to ratify a defective corporate act (other than the initial appointment of directors) requires approval by the current board and, if the act would require shareholder approval at the time of ratification, by the shareholders.
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Requirements For FTB
File any delinquent tax returns and pay all tax balances due, including any penalties, fees, and interest.
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Requirements For SOS
File the appropriate dissolution, surrender, or cancellation form(s)4with the SOS within 12 months of filing your final tax return.
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Steps to Dissolve, Surrender, Or Cancel A California Business Entity
Dissolving, surrendering, or canceling a California Business Entity is a multi-step, multi-state agency process that has requirements with the Franchise Tax Board (FTB) and SOS.
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Voluntary Dissolution/Cancellation
If certain qualifications are met, a business entity may be able to voluntarily dissolve.
A qualified domestic corporation or qualified domestic limited liability company can request a voluntary administrative dissolution/cancellation.
With a written request, the business must certify it:.
1) Is not actively engaging in any transaction for the purpo.
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What happens if a business is suspended in California?
Must cease doing or transacting business in California after the final taxable year. with the SOS within 12 months of filing your final tax return.
If your business entity is suspended or forfeited, it will need to go through the revivor process and be in good standing before being allowed to dissolve, surrender, or cancel.
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What happens if a court validates a corporate act?
If the court ultimately validates a corporate act that would have required the filing of an instrument with the California Secretary of State, or if the court's validation would cause any previously filed instrument to be inaccurate, the company must file a certificate of validation containing the information required by Section 119 (f).
