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In 2008, we created a LLC to protect our assets in real estate, through the advice of a friend. We never used the LLC after it's creation and almost forgotten about it. After a few years, we dissolved the LLC. In 2013, we received a letter from the State of California, saying we owe them $4000 (800 per year for 5 years) plus late fees. We never received any statement from previous years about owing the state anything. After 5 years, Bam! $4000. My question is, can we dispute this fee? Since this is a LLC, we never listed any assets under it, the state would not be able to liquidate anything to cover the fees? Is there a way to check what assets we may have listed under the LLC? Thanks in advance.
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If you mean techinically "dissolved" then both assets (none) and liabilities ($800/yr. FTB tax) are "distributed to the former "Members". Normally people "walk away" from similar situations instead of going through dissolution procedures. If the letters are to the LLC you may want to risk not paying and letting them do what they want to the LLC.
Answered on May 24th, 2015 at 4:57 PM