New Jersey Sample Letter for Dissolution of Corporation

State:
Multi-State
Control #:
US-0272LTR
Format:
Word; 
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This form is a sample letter in Word format covering the subject matter of the title of the form.

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP Code] Re: Dissolution of [Corporation Name] Dear [Recipient's Name], I hope this letter finds you well. I am writing to officially notify you of the decision to dissolve [Corporation Name], a corporation registered in the state of New Jersey. We have carefully reviewed our current business objectives and financial situation, and after much consideration, we have determined that dissolving the corporation is in the best interest of all stakeholders involved. This letter serves as our official notice of intent to dissolve [Corporation Name]. As per the requirements stated in the New Jersey Business Corporation Act, we are obliged to provide the necessary documentation to complete the dissolution process. Enclosed are the following documents: 1. Certificate of Dissolution: We have completed and attached the Certificate of Dissolution, which provides information regarding the corporation's name, date of dissolution, and the grounds for dissolution. This form has been duly executed by the board of directors and authorized officers of the corporation. 2. Final Tax Returns: We have ensured that all tax obligations of the corporation have been met, including the filing of final tax returns for federal, state, and local jurisdictions. Enclosed you will find copies of these returns for your reference. 3. Waivers and Consents: We have obtained any necessary waivers and consents required by the New Jersey Business Corporation Act from our directors, officers, and shareholders to proceed with the dissolution process. 4. Notice to Creditors: To comply with New Jersey law, we have taken the appropriate steps to notify all known creditors of our intent to dissolve [Corporation Name]. We have compiled a comprehensive list of all outstanding obligations, debts, and claims, and have made provisions for the payment of these liabilities in a timely manner. Please note that all business operations will cease immediately upon receiving this letter of intent. We kindly request your assistance in ensuring a smooth transition during this dissolution process and would appreciate your cooperation in settling any outstanding matters between our entities. Should you require any further information or clarification, please do not hesitate to reach out to us. On behalf of the board of directors and shareholders of [Corporation Name], I want to express our gratitude for the opportunities and collaborations we have shared with your company over the years. We value the relationship we have built and sincerely hope that our paths may cross again in future ventures. Thank you for your attention to this matter. We look forward to your prompt acknowledgement of this letter. Sincerely, [Your Name] [Your Title] [Corporation Name] Additional Types of New Jersey Sample Letters for Dissolution of Corporation: 1. New Jersey Sample Letter for Voluntary Dissolution of Corporation: Use this type of letter when the corporation wishes to dissolve voluntarily due to various reasons such as achieving its objectives, loss of market demand, or strategic realignment. 2. New Jersey Sample Letter for Involuntary Dissolution of Corporation: This letter is applicable when the corporation is forced to dissolve due to legal actions, non-compliance with regulatory requirements, or court judgments. 3. New Jersey Sample Letter for Dissolution of Nonprofit Corporation: This type of letter is specifically used by nonprofit corporations to dissolve and terminate their operations following the appropriate legal procedures outlined by the New Jersey Nonprofit Corporation Act. 4. New Jersey Sample Letter for Administrative Dissolution of Corporation: This letter is used when the state administratively dissolves a corporation due to non-compliance with statutory requirements, failure to maintain a registered agent, or failure to file necessary documents. 5. New Jersey Sample Letter for Dissolution of Foreign Corporation: This letter is utilized by a foreign corporation intending to dissolve its operations in New Jersey. It outlines the steps, requirements, and necessary documentation to complete the dissolution process as a foreign entity. Note: It is important to consult with legal professionals or business advisors to ensure compliance with current New Jersey laws and regulations when drafting these letters.

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FAQ

Firstly, start by addressing the recipient in a professional manner using their full name or company name. Be clear and concise about your intentions for writing the letter, stating that you intend to dissolve the partnership. Next, provide context for why you've made this decision.

First, you need to be sure to include the legal name of your company. Second, your articles of dissolution should state the date when your company will be dissolved. Finally, there should be a statement that your corporation's board of directors or your LLC's members approved the dissolution.

Please be advised that the [corporation] [the partnership between (insert partner names)] [limited liability company between (insert member names)] known as (insert name of business), doing business at (insert address) will be dissolved by [shareholder and director resolution] [mutual consent of the partners] [[mutual ...

Corporations ending business in New Jersey can dissolve, cancel, or withdraw online. Go to njportal.com/dor/annualreports and select ?Close a Business.? Businesses that choose to complete a paper application must submit all of the following: Appropriate dissolution/withdrawal/cancellation form.

Although the content will vary, certain elements should be included in every letter of dissolution. These include: The name of the recipient and the name of the person sending the letter. The purpose of the letter, including the relationship to be terminated and the date of termination, stated in the first paragraph.

This intent to dissolve should include the following information: A detailed description of the claim. Information regarding the claim, the amount of the claim, and whether it is admitted to or not. A mailing address where any claims can be sent. A deadline: This must be at least 120 days after the written notice date.

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Nov 11, 2022 — 1. File a Certificate of Dissolution · 2. File Certificate of Dissolution Online · 3. File Certificate of Dissolution Via Mail, Or In-Person. If you submit a paper Certificate of Dissolution form, you need to include an Estimated Summary Tax Return and an Application for Tax Clearance Certificate.1. Name of Corporation: 2. Corporation Number: 3. Set forth the name and address of the shareholders executing the certificate OR the name ... Domestic profit corporations must attach a "Tax Clearance Certificate" obtained from the New Jersey Division of Taxation, PO Box 269,. Trenton, N.J. 08625. 1. Click the template to look at it within the built-in editor. · Navigate through the fillable form and be sure you recognize it. · Begin entering info in the ... First, the corporation must pay $120, of which $95 is a dissolution fee and $25 is a tax clearance certificate application fee.[6] Second, the corporation must ... Begin by including the current date at the top of the letter. 2. Provide the names of both parties involved in the dissolution. 3. State the reason for the ... Jan 18, 2023 — Information about Form 966, Corporate Dissolution or Liquidation, including recent updates, related forms and instructions on how to file. A ... Legal Services of New Jersey (LSNJ) LSNJ has a free divorce guide that explains how to file for divorce or dissolve a civil union based on irreconcilable ... The dissolution of a corporation package contains all forms to dissolve a corporation in New Jersey, step by step instructions, addresses, transmittal letters, ...

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New Jersey Sample Letter for Dissolution of Corporation