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After a Florida LLC has been administratively dissolved, it can still be reinstated and regain its authority to conduct business in the state at any time after the date of dissolution. To reinstate a Florida LLC, you must file a Limited Liability Company Reinstatement with the Division of Corporations.
A plan of dissolution is a written description of how an entity intends to dissolve, or officially and formally close the business. A plan of dissolution will include a description of how any remaining assets and liabilities will be distributed.
A plan of liquidation and dissolution that can be used for the dissolution of a Delaware corporation wholly owned by a US parent corporation when the parties intend to qualify the dissolution as a tax-free liquidation under Sections 332 and 337 of the Internal Revenue Code.
A plan of dissolution is a written description of how an entity intends to dissolve, or officially and formally close the business. A plan of dissolution will include a description of how any remaining assets and liabilities will be distributed.
The quick answer. Liquidate means a formal closing down by a liquidator when there are still assets and liabilities to be dealt with. Dissolving a company is where the business is struck off the register at Companies House because it is now inactive.
Business licenses must be cancelled and the business's sales tax ID number, deactivated. Outstanding sales taxes must be paid to the state of Florida. Business credit cards must be cancelled and bank accounts must be closed. Lease agreements must be terminated as well as contracts with local utilities.
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.
The liquidating corporation distributes all of its assets to its shareholders, the assets are distributed in one or a series of distributions, the distributions are in redemption of all of the corporation's stock, the distributions are made pursuant to a plan of liquidation.