November 29, 2021

Volume XI, Number 333

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November 29, 2021

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Print Your Own Entity Status Letter!

The California Secretary of State suspends or forfeits an entity for failure to file the required Statement of Information, and in the case of a domestic corporation that is an association formed to manage a common interest development, the required Statement by Common Interest Development Association.  In addition, the Secretary of State may suspend domestic or foreign corporation for the failure of the corporation to reimburse the Victims of Corporate Fraud Compensation Fund for a paid claim.   The Franchise Tax Board suspends or forfeits an entity for failure to meet tax requirements (e.g., failure to file a return, pay taxes, penalties, interest).

Many readers may know that they can request a  Certificate of Status as to the current status of an entity such as active/good standing, suspended, dissolved, cancelled, et cetera.  To check a corporation's status with the Franchise Tax Board it is possible to generate an entity status letter on the FTB's website using either the corporation's name or ID number.   The FTB cautions users that the information:

  • Does not necessarily reflect the entity's current legal or administrative status with any other agency of the state of California or other governmental agency or body.

  •  Does not reflect the status or voidability of contracts made by the entity in California during any period when the entity was suspended or forfeited (Rev. & Tax. Code Sections 23304.1, 23304.5, 23305a, 23305.1).

  •  The entity certificate of revivor may have a time limitation or may limit the functions the revived entity can perform, or both (Rev. & Tax Code Section 23305b).

© 2010-2021 Allen Matkins Leck Gamble Mallory & Natsis LLP National Law Review, Volume XI, Number 200
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About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm
Partner

Keith Bishop works with privately held and publicly traded companies on federal and state corporate and securities transactions, compliance, and governance matters. He is highly-regarded for his in-depth knowledge of the distinctive corporate and regulatory requirements faced by corporations in the state of California.

While many law firms have a great deal of expertise in federal or Delaware corporate law, Keith’s specific focus on California corporate and securities law is uncommon. A former California state regulator of securities and financial institutions, Keith has decades of...

949-851-5428
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