This form is signed by and on behalf of the Unit Operator covering lands in which a Unit was formed and established by the Unit Agreement. Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the Agreement.
The Wisconsin Certificate of Termination of Unit is a legal document used to dissolve or terminate a specific type of business entity called a limited liability company (LLC) or limited partnership (LP). It is an important step in officially closing down the operations of an LLC or LP in the state of Wisconsin. This certificate serves as proof that the process of dissolution has been completed in accordance with the state's laws and regulations. When filing a Wisconsin Certificate of Termination of Unit, the LLC or LP must provide certain key information such as the full legal name of the company, its registered agent, the effective date of termination, and the reason for dissolution. It is important to note that the LLC or LP must be in good standing with the state, meaning all necessary taxes and fees have been paid and all required annual reports have been filed. There are different types of Wisconsin Certificate of Termination of Unit, depending on the specific type of business entity being terminated. For LCS, the certificate is often referred to as the "Certificate of Termination of Limited Liability Company" or "LLC Termination Certificate." For LPs, it may be known as the "Certificate of Termination of Limited Partnership" or "LP Termination Certificate." These variations in names help to clarify the nature of the business entity being dissolved. If a Wisconsin LLC or LP fails to file the Certificate of Termination of Unit, the business entity may continue to be responsible for filing annual reports, paying taxes, and other legal obligations. Therefore, it is crucial to complete and submit this certificate to ensure a proper and legally recognized termination of the business entity. In conclusion, the Wisconsin Certificate of Termination of Unit is an essential legal document that allows for the formal dissolution of an LLC or LP in the state. By completing and filing this certificate, businesses can officially terminate their operations and fulfill their legal obligations.The Wisconsin Certificate of Termination of Unit is a legal document used to dissolve or terminate a specific type of business entity called a limited liability company (LLC) or limited partnership (LP). It is an important step in officially closing down the operations of an LLC or LP in the state of Wisconsin. This certificate serves as proof that the process of dissolution has been completed in accordance with the state's laws and regulations. When filing a Wisconsin Certificate of Termination of Unit, the LLC or LP must provide certain key information such as the full legal name of the company, its registered agent, the effective date of termination, and the reason for dissolution. It is important to note that the LLC or LP must be in good standing with the state, meaning all necessary taxes and fees have been paid and all required annual reports have been filed. There are different types of Wisconsin Certificate of Termination of Unit, depending on the specific type of business entity being terminated. For LCS, the certificate is often referred to as the "Certificate of Termination of Limited Liability Company" or "LLC Termination Certificate." For LPs, it may be known as the "Certificate of Termination of Limited Partnership" or "LP Termination Certificate." These variations in names help to clarify the nature of the business entity being dissolved. If a Wisconsin LLC or LP fails to file the Certificate of Termination of Unit, the business entity may continue to be responsible for filing annual reports, paying taxes, and other legal obligations. Therefore, it is crucial to complete and submit this certificate to ensure a proper and legally recognized termination of the business entity. In conclusion, the Wisconsin Certificate of Termination of Unit is an essential legal document that allows for the formal dissolution of an LLC or LP in the state. By completing and filing this certificate, businesses can officially terminate their operations and fulfill their legal obligations.
