The dissolution of a corporation package contains all forms to dissolve a corporation in Missouri, step by step instructions, addresses, transmittal letters, and other information.
Corporation Dissolve
Category:
State:
Missouri
Control #:
MO-DP-0001
Format:
Word;
Rich Text
Instant download
Description Dissolution Dissolve Corporation
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Missouri Dissolution Dissolve Other Form Names
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Mo Dissolution FAQ
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.
Definition. The ending of a corporation, either voluntarily by filing a notice of dissolution with the Secretary of State or as ordered by a court after a vote of the shareholders, or involuntarily through government action as a result of failure to pay taxes.
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.Assets used as security for loans must be given to the bank or creditor that extended the loan, or you must pay off the loan before selling such assets.
Hold a Board of Directors meeting and record a resolution to Dissolve the Missouri Corporation. Hold a Shareholder meeting to approve Dissolution of the Missouri Corporation. File a Articles of Dissolution with the MO Secretary of State. File all required Registration Reports with the Missouri Secretary of State.
For Missouri residents, forms to complete the dissolution of a company can be found on the Missouri Secretary of State's website. For-profit corporations need to complete Articles of Dissolution by Voluntary Action, Request for Termination and Resolution to Dissolve.
Dissolve the Legal Entity (LLC or Corporation) with the State. An LLC or Corporation needs to be officially dissolved. Pay Any Outstanding Bills. You need to satisfy any company debts before closing the business. Cancel Any Business Licenses or Permits. File Your Final Federal and State Tax Returns.
Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority. Reinstatement is the action taken that restores an administratively dissolved business entity's rights, powers, and authority.
When a corporation is dissolved, it no longer legally exists and, in most cases, its debts disappear as well. State laws usually give additional time beyond the dissolution for creditors to file suits for failure to pay any corporate debts or for the wrongful distribution of corporate assets.
Failing to dissolve the corporation allows third parties to continue to sue the corporation as if it is still in operation. A judgment might mean that shareholders use the money received from distributed assets when the corporation closed down to satisfy judgments against the corporation.