Glossary • Updated 2026
Dissolution
Formal termination ending future taxes and reports: dormancy is not dissolution.
In detail
Each state needs its own filing (CA LLC-4/7, DE cancellation, WY articles).
Pay through the final year; confirm cancelled status in writing.
Uncancelled shells stack $800/yr California taxes indefinitely.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries