A suspended California corporation has lost all of its rights and privileges and cannot legally operate.
A California corporation may be suspended by the Franchise Tax Board for failure to file a return and/or failure to pay taxes, penalties, or interest; and/or by the Secretary of State for failure to file the required Statement of Information.
If your California corporation has been suspended, and you continue to operate in California, you may be exposed to risk and liability.
We have helped many previously-suspended California corporations regain their active status. If your California corporation has been suspended, then call us today.
We will find the reason why your corporation was suspended, if you do not already know it, and then we will help you revive your California corporation through the California Secretary of State and the Franchise Tax Board.
Do you have any questions or concerns about reviving a suspended corporation? We are here to answer your questions. Please call us or stop by one of our convenient locations to schedule a confidential consultation.
Suspended or forfeited business entities cannot:
Legally transact business.
Bring an action or defend itself in court.
Receive an automatic extension of time to file.
File a claim for refund.
File or maintain an appeal before the Board of Equalization.
Begin or continue a protest.
Legally close or dissolve the business.
Maintain the right to use their name.
California Secretary of State denies our revivor requests if the entity name is no longer available.
Retain tax-exempt status.
State revokes an organization’s tax-exempt status as of the suspension date.
Suspended or forfeited business entities are subject to a $2000 penalty per tax year for failure to file missing tax returns within 60 days after receiving a written demand to do so.
Shareholders that allow a business entity to suspend instead of legally dissolving it may, under certain circumstances, become personally liable for taxes it owes.