North Dakota BUSINESS/PROFESSIONAL/FARM CORPORATION INTENT to DISSOLVE is a legal process whereby a corporation, limited partnership, limited liability company, or other business entity in North Dakota indicates its intent to dissolve the entity. This process is also known as dissolution or winding up. The different types of North Dakota BUSINESS/PROFESSIONAL/FARM CORPORATION INTENT to DISSOLVE include voluntary dissolution, administrative dissolution, judicial dissolution, and statutory dissolution. Voluntary dissolution is initiated by the business entity itself, either by a vote of the board of directors or by the shareholders. The process involves filing Articles of Dissolution with the Secretary of State, paying all debts and obligations, and distributing any remaining assets to the shareholders. Administrative dissolution is initiated by the Secretary of State when a business entity fails to file its annual report or pay its franchise tax. The process involves filing a Notice of Dissolution with the Secretary of State, paying all debts and obligations, and distributing any remaining assets to the shareholders. Judicial dissolution is initiated by a court order. The process involves filing a petition for dissolution with the court, paying all debts and obligations, and distributing any remaining assets to the shareholders. Statutory dissolution is initiated by the passage of a law or regulation that requires a business entity to dissolve. The process involves filing Articles of Dissolution with the Secretary of State, paying all debts and obligations, and distributing any remaining assets to the shareholders.