Effective January 1, 2019, California domestic corporations and LLC’s will be subject to administrative dissolution or administrative cancellation if the entity’s powers, rights, and privileges are, and have been, suspended by the California Franchise Tax Board for a period of not less than 60 continuous months.
How does the change affect customers? Such customer entities will be dissolved after the prescribed period of suspension. Upon dissolution, the entity would appear to no longer have the ability to file a revivor.
For any questions relating to California entities, please contact us for additional information.