Florida Agreement to Incorporate Close Corporation
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How to fill out Agreement To Incorporate Close Corporation?
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FAQ
You may be able to sue a dissolved corporation or a dissolved limited liability company for a period of time after dissolution, especially if it failed to wind up its business and dissolve properly.
The process is quite seamless if done properly. First, it requires the filing of a Complaint in Circuit Court to initiate the judicial dissolution. Then, both the business entity and the other owners must obtain their own attorneys to represent their interests.
A closely held corporation is a corporation which is owned by an individual or small group of shareholders, who are often members of the same family. Shares of a closely held corporation are generally not traded in the securities market(s).
Corporate bylaws are legally required in Florida. Florida law requires corporations to adopt bylaws. ing to FL Stat § 607.0206, incorporators, directors or shareholders shall adopt initial bylaws for their corporation.
Section 607.1403, Florida Statutes, provides for the dissolution of a corporation that has issued shares. The document must be typed or printed and must be legible.
A close corporation is a corporation which is held by a limited number of shareholders and is not publicly traded.
A corporation can be administratively dissolved, which is an action commenced by the department of the Florida Secretary of State for a number of reasons.
(1) A corporation's board of directors may propose dissolution for submission to the shareholders by first adopting a resolution authorizing the dissolution. (2)(a) For a proposal to dissolve to be adopted, it must be approved by the shareholders pursuant to subsection (5). 2. Section 607.0826 applies.