Virginia Articles of Termination of Corporate Existence Stock Corporation are documents that dissolve or terminate a corporation registered with the state of Virginia. This document must be completed, signed, and filed with the State Corporation Commission in order to officially end the existence of the corporation. Depending on the type of corporation, the required documents may include a Certificate of Dissolution or a Certificate of Revocation of a Corporate Charter. Additionally, the dissolution of the corporation must be approved by a majority of the shareholders. The two types of Virginia Articles of Termination of Corporate Existence Stock Corporation are: 1) Certificate of Dissolution and 2) Certificate of Revocation of a Corporate Charter. The Certificate of Dissolution is used to end the existence of a corporation that has no outstanding liabilities, while the Certificate of Revocation of a Corporate Charter is used when a corporation needs to be dissolved due to violations of Virginia law. Both documents must be filed with the State Corporation Commission for official termination of the corporation.
Virginia Articles Of Termination Of Corporate Existence Stock Corporation
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With the articles of termination of corporate existence, the corporation shall file a statement certifying that the corporation has filed returns and has paid all state taxes to the time of the statement.
Visit to file articles of dissolution and/or termination of a Virginia Stock Corporation in real time. Questions? P.O. Box 1197 Richmond, VA 23219 Richmond, VA 23218-1197 Pay online with a credit card or eCheck. No additional processing fees apply for filing online.
Whereas non-stock corporations aren't organized for profit and aren't authorized to issue company stock, stock corporations are typically organized for profit and can raise capital for the corporation's operations or expansion by issuing company stock to people willing to invest in the company.
Stock corporations are those which have capital stock divided into shares and are authorized to distribute to the holders of such shares, dividends, or allotments of the surplus profits on the basis of the shares held. All other corporations are nonstock corporations.
There are two types of corporations in Virginia, stock corporations, which are authorized to issue shares to persons who become shareholders, the owners of the corporation, and nonstock corporations, which may have members, but not owners. Stock corporations are usually formed to generate a profit for the shareholders.
To incorporate your company, you must file the Articles of Incorporation with the Virginia State Corporate Commission (SCC). You can file online, or download the PDF from the Virginia SCC website and submit via mail or in person.
A stock corporation has authorized capital stock divided into shares of stock either with or without par value. It's engaged in income-generating activities and authorized to declare dividends. A non-stock corporation has no authorized capital stock.