North Dakota Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation
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How to fill out 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.
