Salt Lake Utah Sample Letter for Certificate of Administrative Dissolution — Revocation [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] Utah Division of Corporations and Commercial Code PO Box 146705 Salt Lake City, UT 84114-6705 Re: Request for Certificate of Administrative Dissolution — Revocation Dear Utah Division of Corporations and Commercial Code, I am writing to request a Certificate of Administrative Dissolution — Revocation for [Company Name]. We have recently become aware that our business was administratively dissolved due to failure to comply with certain statutory requirements. [Company Name] was originally formed in Salt Lake City, Utah, and has operated continuously since its inception. We deeply regret any oversight or noncompliance that led to the administrative dissolution, and we are committed to rectifying the situation promptly. To rectify the issue of noncompliance, we have taken the following actions: 1. Addressed all outstanding statutory requirements: — [Describe the specific steps taken to fulfill the statutory requirements]. 2. Paid all incurred fees and penalties: — [Specify the amount paid and the method of payment]. 3. Requested reinstatement: — We have submitted the necessary documents to the Utah Division of Corporations and Commercial Code by completing Form REV-12, along with all required attachments. Attached to this letter, you will find the following documents, as requested in Form REV-12: 1. A certified copy of the amended Articles of Incorporation. 2. A Certificate of Good Standing from the Utah Tax Commission. 3. A check for the applicable reinstatement fee, payable to the Utah Division of Corporations and Commercial Code. 4. Any additional documentation required for the reinstatement, as specified by the Division. We apologize for any inconvenience or confusion caused by our failure to comply with the statutory requirements initially. We acknowledge our responsibility for this oversight and assure you that we have taken the necessary steps to rectify the situation promptly. Furthermore, we kindly request your prompt attention in processing our request for reinstatement. If there are any additional documents or information required, please do not hesitate to contact us at [Phone Number] or [Email Address]. We are readily available to provide any further documentation or clarification that may be needed to facilitate the reinstatement process. Thank you for your attention to this matter, and we look forward to a timely resolution. We value our business presence in Salt Lake City, Utah and intend to continue operating in full compliance with all statutory requirements moving forward. Sincerely, [Your Name] [Your Title or Position] [Company Name] [Company Address] [City, State, Zip Code]
Salt Lake Utah Sample Letter for Certificate of Administrative Dissolution - Revocation
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FAQ
When businesses close, the assets are disposed of, the business is liquidated, and the name is officially removed from the register. As part of the closing process, all the outstanding liabilities have to be cleared before formally winding up the business.
The maximum penalty is for the LLC to be administratively dissolved or terminated. This means that the LLC's right to conduct business is ended and the only action the LLC can lawfully take is to wind up its affairs, pay its remaining debts and distribute the remaining assets to the owners.
Administrative Dissolution of an LLC Occasionally, owners elect to end the business or the business ends involuntarily. If it ends involuntarily, the business may end with administration dissolution. LLCs begin when owners file articles of organization with the secretary of state.
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.
Administrative Dissolution Laws or business corporation laws defined by the state determine entity dissolution. When administrative dissolution occurs, a business can still operate, have bank accounts, and accept payments. However, a creditor cannot go after any possible assets of that entity.
After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you can't liquidate assets that are used as collateral for loans.
(3) A corporation administratively dissolved continues the corporation's corporate existence but may not carry on any activities except activities that are necessary or appropriate to wind up and liquidate the corporation's business and affairs under ORS 60.637, and notify claimants under ORS 60.641 and 60.644.
Admin dissolution for annual report definition is the temporary removal of a company's ability to conduct business in the state of registration because they failed to file the required annual reports or follow other legal guidelines.
Administrative dissolution occurs when a North Carolina business entity has failed to perform any of a number of duties described in statute. A similar process called administrative revocation is applicable to entities formed in other states or countries (foreign companies).
Reinstatement in California Dissolved California entities cannot be reinstated, so in case like that you would need to file as a new entity.
