FTB GSS Li is a word used to describe a liability that develops when a business fails to pay the necessary amount of taxes to the state of California. It is also known as Franchise Tax Board General Services Set-Aside Liability. The Franchise Tax Board (FTB) has put aside this responsibility, which is used to fund a variety of state services like law enforcement, education, and healthcare.
The FTB GSS Li was created with the intention of ensuring that companies doing business in California pay their fair amount of taxes to support the state’s infrastructure and services. The annual calculation of the liability’s amount is based on a portion of the company’s gross receipts.
Understanding your tax duties and meeting them on time are crucial if you own a business in California in order to prevent the FTB GSS Li. Tax evasion can lead to fines and interest, as well as the potential loss of your business license.
Now that we’ve got that out of the way, the answer to the related question, “Do I have unclaimed money in WV?” is yes. The Unclaimed Property Division of the State of West Virginia is in charge of assisting people and businesses in locating and claiming their unclaimed property. Financial assets such as stocks, bank accounts, and insurance policies that have been placed aside or neglected are referred to as unclaimed property.
Visit the West Virginia Unclaimed Property Division website and use your name or the name of your company to search the database to see whether you have any unclaimed property in the state. You can submit a claim to have any unclaimed property you discover returned to you.
The State Treasurer of West Virginia in 2021 will be Riley Moore, which brings us to the next connected question, “Who is West Virginia’s State Treasurer 2021?”. He was chosen in November 2020, and he began serving in that capacity in January 2021. Moore is in charge of overseeing all aspects of the state’s finances, including investments, debt, and cash flow.
Finally, the firm Organizations Division website of the West Virginia Secretary of State can be searched if you’re wondering, “How do I find out who owns a business in WV?” You can use the website to look up firms by name, business ID, or owner name. The company’s filings, including its annual reports and articles of formation, are also available for viewing.
In order to maintain compliance with tax duties and prevent penalties, company operators in California should grasp FTB GSS Li. Finding unclaimed property in West Virginia may help you reclaim misplaced financial assets. For the purpose of staying informed about state financial management, it is crucial to know who the current State Treasurer of West Virginia is. Finally, searching the Secretary of State’s website will reveal who owns a company in West Virginia.
You can speak with the West Virginia Secretary of State’s office or the county clerk’s office where your company is registered to obtain a copy of your WV business license. They will be able to give you the information and instructions you need to get a copy of your license.