Maine Plan of Liquidation and Dissolution of a Corporation

State:
Multi-State
Control #:
US-0076BG
Format:
Word; 
Rich Text
Instant download

Description

Dissolution is the act of bringing to an end. It is the act of rendering a legal proceeding null, or changing its character. Under corporate law, it is the last stage of liquidation. Dissolution is the process by which a company is brought to an end.



Liquidation is the selling of the assets of a business, paying bills and dividing the remainder among shareholders, partners or other investors. A business need not be insolvent to liquidate. Upon liquidation of certain business, such as a bank, a bond may be required to be posted to assure the proper distribution of assets to creditors.

How to fill out Plan Of Liquidation And Dissolution Of A Corporation?

If you want to total, acquire, or print out legal file themes, use US Legal Forms, the greatest selection of legal types, which can be found online. Make use of the site`s simple and easy handy search to discover the documents you will need. A variety of themes for enterprise and individual uses are categorized by groups and says, or keywords. Use US Legal Forms to discover the Maine Plan of Liquidation and Dissolution of a Corporation within a few clicks.

In case you are already a US Legal Forms client, log in to the accounts and click on the Download option to have the Maine Plan of Liquidation and Dissolution of a Corporation. You may also entry types you earlier saved inside the My Forms tab of your accounts.

If you are using US Legal Forms the very first time, refer to the instructions beneath:

  • Step 1. Be sure you have chosen the form for that right city/region.
  • Step 2. Use the Preview method to look over the form`s content material. Don`t forget about to learn the information.
  • Step 3. In case you are unhappy together with the kind, take advantage of the Look for industry towards the top of the display screen to get other types of the legal kind template.
  • Step 4. When you have located the form you will need, select the Get now option. Choose the rates program you favor and put your accreditations to sign up to have an accounts.
  • Step 5. Process the purchase. You can utilize your charge card or PayPal accounts to complete the purchase.
  • Step 6. Select the file format of the legal kind and acquire it in your product.
  • Step 7. Complete, modify and print out or signal the Maine Plan of Liquidation and Dissolution of a Corporation.

Every single legal file template you acquire is yours eternally. You possess acces to every kind you saved inside your acccount. Click the My Forms portion and pick a kind to print out or acquire once again.

Be competitive and acquire, and print out the Maine Plan of Liquidation and Dissolution of a Corporation with US Legal Forms. There are many skilled and express-distinct types you may use for your enterprise or individual requirements.

Form popularity

FAQ

If your entity is on the "Certificate of Administrative Dissolutions" and you want the entity to be reinstated, you must contact our office at: DFICorporations@dfi.wisconsin.gov? with your entity name and entity ID and we will email you the forms to reinstate the entity.

Simply put, a dissolution is a (typically) voluntary legal closure of a business while a liquidation involves the selling of a company's assets in order to pay creditors.

(3) A corporation administratively dissolved continues its corporate existence but may not conduct any affairs except that necessary to wind up and liquidate its affairs under s. 617.1405 and adopt a plan of distribution of assets pursuant to s. 617.1406.

Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.

To get back into business again, you can apply for reinstatement. To reinstate an LLC in Maine, there is no form to fill out. Instead, you'll need to fix the issue that led the Maine SOS to administratively dissolve your LLC and pay a reinstatement fee.

If a Maine LLC is administratively dissolved, it has to file all the annual reports and fees it missed before it can reinstate. The annual report fee for domestic LLCs is $85. There is also a $150 reinstatement penalty fee assessed for each year the LLC failed to file an annual report.

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.

How do you dissolve a Maine Corporation? 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).

Trusted and secure by over 3 million people of the world’s leading companies

Maine Plan of Liquidation and Dissolution of a Corporation