Tennessee Articles of Termination of Corporate Existence are legal documents that terminate the existence of a company under Tennessee state law. This process is also known as corporate dissolution. There are two types of Tennessee Articles of Termination of Corporate Existence: Voluntary Termination and Involuntary Termination. Voluntary Termination is initiated by shareholders or by a board of directors, while Involuntary Termination is initiated by the Tennessee Secretary of State due to non-compliance with state regulations. In order for the termination to be valid, the Articles must be filed with the Tennessee Secretary of State, and all outstanding debts and obligations of the company must be paid or otherwise settled. After the filing is complete, the corporation's legal existence is officially terminated and the company can no longer conduct business.
Tennessee Articles of Termination of Corporate Existence are legal documents that terminate the existence of a company under Tennessee state law. This process is also known as corporate dissolution. There are two types of Tennessee Articles of Termination of Corporate Existence: Voluntary Termination and Involuntary Termination. Voluntary Termination is initiated by shareholders or by a board of directors, while Involuntary Termination is initiated by the Tennessee Secretary of State due to non-compliance with state regulations. In order for the termination to be valid, the Articles must be filed with the Tennessee Secretary of State, and all outstanding debts and obligations of the company must be paid or otherwise settled. After the filing is complete, the corporation's legal existence is officially terminated and the company can no longer conduct business.