District of Columbia Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation
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How to fill out Sample Letter Regarding Notification Of Official Notice Of Intent To Administratively Dissolve Or Revoke Corporation?
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FAQ
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.
What does administrative dissolution mean? It means the corporation or limited liability company was ?administratively dissolved? by the Secretary of State in ance with Georgia law. Upon dissolution, an entity may no longer carry on any business other than to wind up and liquidate its business and affairs.
You may file a reinstatement application online at ecorp.sos.ga.gov. Should you wish to file your reinstatement application by mail or hand-delivery to our office, you must print the reinstatement application form, complete it and mail it in with a check or money order for payment of the fee.
A dissolution is a formal closure of a business with its state of incorporation. Formally closing a business means the registered company is no longer seen as active through the eyes of the state. If an LLC or corporation does not file articles of dissolution, the state will continue to see the business as active.
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 terminate with the Secretary of State, the LLC has to be active with good standing. There is no fee to file this certificate. No official tax clearance is required to dissolve your LLC. The filing of a dissolution for a Georgia LLC typically takes 7 to 10 business days.
