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North Dakota Dissolution Package to Dissolve Corporation

How To Dissolve An Llc In North Dakota

Name: North Dakota Dissolution Package to Dissolve Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.76 (388 reviews)

Category:

North Dakota Corporations - Dissolution

State:

North Dakota

Control #:

ND-DP-0001

Format:

Instant download

Description North Dakota Corporation Agreement

The dissolution of a corporation package contains all forms to dissolve a corporation in North Dakota, step by step instructions, addresses, transmittal letters, and other information.

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Call a Board Meeting. File a Certificate of Dissolution With the Secretary of State. Notify the Internal Revenue Service (IRS) Close Accounts and Credit Lines, Cancel Licenses, Etc.

When a corporation is dissolved, it no longer legally exists and, in most cases, its debts disappear as well. State laws usually give additional time beyond the dissolution for creditors to file suits for failure to pay any corporate debts or for the wrongful distribution of corporate assets.

Hold a Members meeting and record a resolution to Dissolve the North Dakota LLC. File a Notice of Dissolution with the ND Secretary of State. File all required Annual Reports with the North Dakota Secretary of State. Clear up any business debts. Pay all taxes and administrative fees owed by the North Dakota LLC.

Unless dissolved, your California LLC will continue to be liable for state fees, it will continue to be open to incurring more debts, it will continue to own the assets under its name, and you won't be able to sell those assets as your own.

Dissolve the Legal Entity (LLC or Corporation) with the State. An LLC or Corporation needs to be officially dissolved. Pay Any Outstanding Bills. You need to satisfy any company debts before closing the business. Cancel Any Business Licenses or Permits. File Your Final Federal and State Tax Returns.

North Dakota requires business owners to submit their Articles of Dissolution and Termination online. You can also have a professional service provider file your Articles of Dissolution for you. Incfile prepares the Articles of Dissolution for you, and files them to the state for $149 + State Fees.

Failing to dissolve the corporation allows third parties to continue to sue the corporation as if it is still in operation. A judgment might mean that shareholders use the money received from distributed assets when the corporation closed down to satisfy judgments against the corporation.

Just as you filed paperwork with the state to form your LLC, you must file articles of dissolution or a similar document to dissolve the LLC. These papers are filed with the same state agency that handed your original LLC formationusually the secretary of state.

How To Dissolve An Llc In North Dakota

Description North Dakota Corporation Agreement

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