Georgia Plan of Liquidation
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How to fill out Plan Of Liquidation?
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FAQ
If a Georgia corporation has issued shares and commenced business, you will first file form CD-410, Notice of Intent to Dissolve form with the Georgia SOS. Form CD-412, Articles of Dissolution, Profit Organization can be filed at the same time, or later, but must be a separate document.
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.
It takes the Georgia SOS between seven and ten business days to process the LLC certificate of termination. The SOS offers 24 hour expedited processing for an additional fee.
How to Dissolve an LLC in Georgia Step 1: Vote to Dissolve the LLC. ... Step 2: Submit Your Last Tax Return. ... Step 3: File Articles of Dissolution. ... Step 4: Cancel Permits and Licenses. ... Step 5: Cancel EIN. ... Step 6: Pay Debts. ... Step 7: Distribute Assets.
The process of dissolving a company is done by the company's directors by submitting a DS01 form and paying the relevant fee. A notice is then placed in the Gazette stating the company's intention to strike itself from the register. If no objections are received, the company will be dissolved.
If you file to dissolve an LLC in Georgia through online filing, it's free. If you mail in the certificate of dissolution, you'll need to pay a $10 processing fee. If you need 24-hour expedited filing, you can pay a $100 expedited dissolution filing fee. You can pay by check, certified bank check, or money order.
A nonprofit corporation that has commenced activities may dissolve by filing a Notice of Intent to Dissolve pursuant to O.C.G.A. 14-3-1404 and Articles of Dissolution pursuant to O.C.G.A. 14-3-1409. Form CD 525 and CD 530 may be used for this purpose.
To end a Georgia LLC, just file form CD-415, Certificate of Termination, with the Georgia Secretary of State, Corporations Division (SOS). The certificate of termination is available on the Georgia SOS website or your Northwest Registered Agent online account. You are not required to use SOS forms.