How do I reinstate an administratively dissolved LLC in Maine?

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.

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Plan of Liquidation and Dissolution of a Corporation

Maine Plan of Liquidation and Dissolution of a Corporation

Q: How to reinstate an administratively dissolved LLC in Wisconsin?

If your entity is on the &quot;Certificate of Administrative Dissolutions&quot; 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.

Category:

Corporations - Public - Liquidation and Dissolution

State:

Multi-State

Control #:

US-0076BG

Format:

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.

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

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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).

Maine Plan of Liquidation and Dissolution of a Corporation

Description

Related forms

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

Form popularity

FAQ

How to reinstate an administratively dissolved LLC in Wisconsin?

What is the difference between a corporate dissolution and a liquidation?

What happens when an LLC is administratively dissolved in Florida?

What does it mean when a company is administratively dissolved?

How do I reinstate an administratively dissolved LLC in Maine?

What happens when an LLC is administratively dissolved in Maine?

What is a plan of liquidation and dissolution?

How do you dissolve a corporation in Maine?

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Maine Plan of Liquidation and Dissolution of a Corporation

Description

Related forms

Viewed forms

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

Form popularity

FAQ

How to reinstate an administratively dissolved LLC in Wisconsin?

What is the difference between a corporate dissolution and a liquidation?

What happens when an LLC is administratively dissolved in Florida?

What does it mean when a company is administratively dissolved?

How do I reinstate an administratively dissolved LLC in Maine?

What happens when an LLC is administratively dissolved in Maine?

What is a plan of liquidation and dissolution?

How do you dissolve a corporation in Maine?

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