Dissolving an LLC

[Denise Cardwell]

I recently created an LLC this year to help with getting more financing to get more involved in investing in real-estate. Since I live in CA I have to pay $800.00 a year to the FTB. I recently spoke to my CPA and he suggested that I should dissolve my LLC because it is not worth pay an annual fees for an LLC he said if I was concerned about protecting my investment I would be better off paying a little more for better coverage of insurance. So I am torn, I want to eventually grow my business but having a personal debt ratio and recent short sale there is no way I can obtain traditional funding.