[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Official Notice of Intent to Administratively Dissolve or Revoke [business name] Dear [Recipient's Name], I hope this letter finds you well. I am writing on behalf of [Your business name], hereby referred to as the "Company". This notice serves as an official communication regarding our intent to administratively dissolve or revoke the legal existence of the Company with the Secretary of the State of Connecticut. In accordance with the laws and regulations governing the state of Connecticut, specifically Section [Relevant Connecticut State Law], we are required to provide notice to interested parties before proceeding with the administrative dissolution or revocation process. As outlined in this section, we are obliged to provide the reasons for this intended action, any measures taken to rectify the outstanding issues, and a notice period within which an interested party may submit a request for further information or a formal hearing. [Possible types of Connecticut Sample Letters for Official Notice of Intent to Administratively Dissolve or Revoke] 1. Notice of Intent to Administratively Dissolve: This type of notice is issued when a business no longer wishes to continue its existence and desires to wind up its affairs completely. It includes details regarding why the Company has decided to dissolve administratively, such as failure to file necessary reports or taxes, non-compliance with state regulations, or any other valid reasons within the purview of Connecticut state law. 2. Notice of Intent to Revoke: This type of notice is issued when there has been a violation of the terms and conditions mentioned in the initial formation documents of the Company, resulting in the Secretary of the State seeking to revoke the Company's legal existence. This notice specifies the reasons behind the revocation, such as failure to maintain a registered agent, unauthorized activities, or any other violation as per the state regulations. Regardless of the type of notice, the corresponding letter includes the following essential information: 1. Detailed explanation: We will outline the specific reasons or violations that led us to consider administratively dissolving or revoking the Company. 2. Timeframe: We will provide a specific notice period within which interested parties may respond with a request for further information or a formal hearing. Typically, this period ranges from 30 to 60 days from the date of this notice. 3. Contact information: We will provide complete contact details, including an email address, phone number, and mailing address, where interested parties can reach out with their inquiries or requests. We kindly request that you acknowledge receiving this notice by signing and returning a copy to our address provided above. Should you have any queries or require additional information, please do not hesitate to contact me at [Your Email Address] or [Your Phone Number]. Thank you for your prompt attention to this matter. Sincerely, [Your Name] [Your Title/Role] [Your Business Name]
Connecticut Sample Letter for Official Notice of Intent to Administratively Dissolve or Revoke
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FAQ
To dissolve a Connecticut corporation, you just need to file a Certificate of Dissolution with the Connecticut Secretary of the State, Commercial Recording Division (SOTS). Connecticut has forms available for use but you can draft your own articles of dissolution as long as they contain the required information.
People who continue to operate a business that has been dissolved, are taking a serious risk. That's because once the company dissolves, the corporate protections no longer exist. That means that someone who operates the dissolved business, can be sued personally for anything the (dissolved) company does.
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.
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.
To reinstate your LLC, you'll have to submit the following to the Connecticut Secretary of the State: a completed Reinstatement Package. a $120 reinstatement fee. an annual report for the current year. any penalties owed.
Typical items include: meeting with your LLC members to vote on the dissolution. distributing your LLC assets. assigning a dissolution date. deciding on how to handle business debts. contacting creditors.
Connecticut LLC Cost. Connecticut's state fee for LLC formation is $120. Connecticut LLCs also need to file an annual report every year, which costs $80. Depending on your industry and business needs, you might have additional expenses, such as licensing fees, business insurance, and registered agent fees.
Although the content will vary, certain elements should be included in every letter of dissolution. These include: The name of the recipient and the name of the person sending the letter. The purpose of the letter, including the relationship to be terminated and the date of termination, stated in the first paragraph.
