Guidance: dissolve, surrender or cancel a business entity?

• Position: FTBNEWS - Brief article

The time has come. The business must end, but you're not sure of the best way to do so--dissolve, surrender or cancel the business entity.

The FTB provides the following guidance: Corporations that originally incorporated in California, referred to as Domestic Corporations, may legally dissolve when they cease doing business. For those corporations that originally incorporated outside of California, referred to as Foreign Corporations...