Form with which a corporation may resolve to alter its organization structure from a subchapter (s) corporation to another corporate form.
Hawaii Terminate S Corporation Status - Resolution Form - Corporate Resolutions
State:
Multi-State
Control #:
US-0054-CR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Terminate S Corporation Status - Resolution Form - Corporate Resolutions?
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FAQ
After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you can't liquidate assets that are used as collateral for loans.
Less...Hold a Board of Directors meeting and record a resolution to Dissolve the Hawaii Corporation.Hold a Shareholder meeting to approve Dissolution of the Hawaii Corporation.File all required Annual Reports with the Hawaii Department of Commerce and Consumer Affairs.Clear up any business debts.More items...
Once you've followed the recommended steps, you're ready to apply to Companies House to strike off your company. The directors must formally agree to close down the company, either by passing a resolution at a board meeting or by written board resolution. You can then complete and file Companies House Form DS01.
The dissolution is initiated by a resolution by the board of directors who submit it at a meeting of the shareholders. The shareholders each vote and if the resolution is approved, the directors have the authorization to proceed with the dissolution process.
Dissolving a company is a formal way of closing it. Dissolution refers to the process of 'striking off' (removing) a company from the Companies House register. It can be the most straightforward way of shutting a company down once its directors have decided it should no longer trade.
Corporation Filing Requirements (Includes S Corporations) You must file Form 966, Corporate Dissolution or Liquidation, if you adopt a resolution or plan to dissolve the corporation or liquidate any of its stock. You must also file your corporation's final income tax return.
A corporate resolution outlines the decisions and actions made by a company's board of directors. A corporation might use a corporate resolution to establish itself as an independent legal entity, which is separate from the owners.
How do you dissolve a Hawaii Corporation? To dissolve your Hawaii Corporation, file Form DC-13, Hawaii Articles of Dissolution with the Hawaii Department of Commerce and Consumer Affairs, Business Registration Division (BREG) by mail, fax, or in person. The articles of dissolution cannot be filed online.
Hawaii requires business owners to submit their Articles of Dissolution by mail, email, fax, in person, or online. You can also have a professional service provider file your Articles of Dissolution for you. Incfile prepares the Articles of Dissolution for you, and files them to the state for $149 + State Fees.
Corporation Filing Requirements (Includes S Corporations)You must file Form 966, Corporate Dissolution or Liquidation, if you adopt a resolution or plan to dissolve the corporation or liquidate any of its stock. You must also file your corporation's final income tax return.
