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After the necessary corporate action has been taken to authorize the dissolution, a Certificate of Dissolution must be filed with the Secretary of the State. Following dissolution, the affairs of the corporation must be wound up in the manner provided in The Connecticut Revised Nonstock Corporation Act.
If you voluntarily dissolve your LLC or Limited Partnership you may file a reinstatement, returning to active status while keeping your original date of formation. Reinstatement following a voluntary dissolution is only available for LLCs and Limited Partnerships.
Once terminated, you can no longer reinstate. You'll need to start over and form a new California LLC.
A business entity that has been administratively dissolved is given the status ?forfeited.? If the business wishes to become active again, it must file a reinstatement. Once a business is forfeited, the business name becomes available.
After dissolution, a corporation is generally expected to pay all its existing debts and then liquidate its remaining assets to its shareholders. This sometimes becomes difficult, however, where there are unknown claims that may exist against the corporation.
To officially dissolve your LLC, you must follow certain steps. Step 1: Follow the process in your Operating Agreement. ... Step 2: Check your business tax accounts. ... Step 3: Close your tax and state accounts. ... Step 4: Close your business tax withholdings. ... Step 5: Close your unemployment tax account.
A limited liability company that was administratively dissolved by the Division may apply for reinstatement at any time. In order to reinstate the limited liability company, all annual reports owed must be filed.