Subject Line: Official Notice of Intent to Administratively Dissolve or Revoke Your Corporation in North Dakota [Your Company/Corporation Name] [Your Company/Corporation Address] [City, State, ZIP Code] [Date] [Recipient's Name] [Recipient's Position] [Recipient's Company Name] [Recipient's Address] [City, State, ZIP Code] Dear [Recipient's Name], RE: North Dakota Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation We are writing to inform you of an important matter regarding your corporation registered in the state of North Dakota. This letter serves as an official notice of intent to administratively dissolve or revoke your corporation, as per the provisions of the North Dakota Century Code Section XX-XX-XX. It has come to our attention that your corporation has failed to comply with certain statutory obligations, specifically [cite the relevant reason for non-compliance, such as failure to file the annual report, pay outstanding fees, etc.]. According to state regulations, these obligations must be met within a specified timeframe to maintain the active status of your corporation. Failure to rectify the aforementioned non-compliance issues within [specify a reasonable timeframe, typically 30 days from the date of this letter] from the date of this notice will result in the administrative dissolution or revocation of your corporation by the North Dakota Secretary of State. This action could potentially have significant legal and financial consequences for your company. To prevent the dissolving or revocation of your corporation, we strongly advise you to take immediate action and rectify the non-compliance issues outlined above. Here are the steps to be followed: 1. [Provide clear and specific instructions on what actions need to be taken to rectify non-compliance issues, such as filing the necessary paperwork, paying outstanding fees, etc.] 2. [If applicable, specify any supporting documents required] Please be aware that the North Dakota Secretary of State may also impose additional penalties, fines, or fees associated with the administrative dissolution or revocation process, which would be in addition to any outstanding obligations your corporation currently has. We understand that unforeseen circumstances or genuine oversights may lead to non-compliance, but it is crucial to address these matters promptly to ensure the continued legal presence and operations of your corporation in North Dakota. Should you require any further information or assistance, please do not hesitate to contact our office. We are here to help you throughout this process. Thank you for your immediate attention to this matter. We look forward to receiving confirmation of the resolution of the non-compliance issues within the specified timeframe mentioned above. Yours sincerely, [Your Name] [Your Position] [Your Company Name] [Contact Information]
North Dakota Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation
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Less... Hold a Board of Directors meeting and record a resolution to Dissolve the North Dakota Corporation. ... Hold a Shareholder meeting to approve Dissolution of the North Dakota Corporation. ... File a Intent to Dissolve with the ND Secretary of State. ... File all required Annual Reports with the North Dakota Secretary of State.
When the revocation of dissolution is effective, it relates back to and takes effect as of the effective date of the dissolution and the corporation resumes carrying on its business as if dissolution had never occurred.
People who continue to operate a business that has been dissolved, are taking a serious risk. That's because once the company dissolves, the corporate protections no longer exist. That means that someone who operates the dissolved business, can be sued personally for anything the (dissolved) company does.
Companies that fail to meet their annual filing obligations risk losing their good standing. If you've forgotten to file the right forms or delayed payment, individual states can take action against your business by dissolving your corporation or limited liability company (LLC) and revoking its status.
Typically, this comes from not filing your annual report for a set period of time, and the state would ultimately shut down the business or dissolve it by actions. States have different names for this, such as revocation. Some call it void. But most commonly it's called administrative dissolution.
Dissolution of corporation refers to the closing of a corporate entity which can be a complex process. Ending a corporation becomes more complex with more owners and more assets.
A Certificate of Revocation of Dissolution must be filed within 120 days of the effective date of the dissolution. The revocation must be prepared in compliance with s. 620.1812, Florida Statutes. You must attach a copy of the Certificate of Dissolution to the revocation.
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.
