The Maine Certificate of Cancellation of Articles of Organization is a document used to formally dissolve a business entity in the state of Maine. The document must be filed with the Office of the Secretary of State in order to officially dissolve the business. The form must include the name of the business, the date of its formation, and the reason for dissolution. There are three different types of Maine Certificate of Cancellation of Articles of Organization, depending on the circumstances of the dissolution: voluntary dissolution, administrative dissolution, and court-ordered dissolution. Voluntary dissolution is the most common type of dissolution, and occurs when the business owners decide to dissolve the business on their own. Administrative dissolution is initiated by the state when the business fails to meet certain requirements, such as filing annual reports or paying taxes. Court-ordered dissolution is initiated by a court when the business has engaged in illegal activities or failed to comply with a court order.
Maine Certificate of Cancellation of Articles of Organization
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How to fill out Maine Certificate Of Cancellation Of Articles Of Organization?
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FAQ
To dissolve/cancel your LLC in Maine, submit form MLLC-11C, Certificate of Cancellation, including the completed Filer Contact Cover Letter, to the Maine Secretary of State, Bureau of Corporations, Elections, and Commissions (SOS). The Certificate of Cancellation form is available on the Maine SOS website.
To protect the business' limited liability status: Operating agreements give members protection from personal liability to the LLC. Without this specific formality, your LLC can closely resemble a sole proprietorship or partnership, jeopardizing your personal liability.
Yes. Unlike most states?in which an operating agreement is encouraged but not required?Maine's statutes clearly state that ?a limited liability company agreement must be entered into or otherwise existing? before an LLC can be formed.
If you would like to dissolve a Maine Corporation, file a signed, original form MBCA-11, Articles of Dissolution with the Maine Secretary of State, Bureau of Corporations, Elections, and Commissions (SOS). Maine SOS forms are fillable so you can just enter your information, print, and mail them to the SOS.
An operating agreement is a key business document that shows your business operates like a legit company. Without the operating agreement, your state might not acknowledge you as an LLC, which means someone could sue you without there being any shield to protect your personal assets.
Common pitfalls of a poorly drafted Operating Agreement include failing to: (i) specify what authority managers or members have; (ii) carve out key decisions that require a higher approval threshold (e.g., dissolution, sale of all or substantially all of the assets of the LLC, etc.); (iii) address how deadlocks in the
The LLC operating agreement, also known as an LLC agreement, establishes the rules and structure for the LLC and can help address any issues that arise during business operations. Most states have default provisions that address many of these difficulties, but the operating agreement can override these presumptions.
The articles of incorporation may be amended by written consent of all members entitled to vote on such amendment, as provided by section 606. If such unanimous written consent is given, no resolution of the board of directors proposing the amendment is necessary. PL 1977, c. 525, §13 (NEW).
