Houston Texas Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation [Your Name] [Your Address] [City, State, Zip Code] [Date] [Corporation Name] [Corporation Address] [City, State, Zip Code] Re: Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation Dear [Corporation Name], I am writing to notify you of the official notice of intent to administratively dissolve or revoke your corporation, as per the regulations outlined by the state of Texas. This notice is an indication that your corporation may no longer be in compliance with the laws and regulations governing corporations in the state of Texas. According to our records, it has come to our attention that your corporation has failed to meet certain requirements, such as filing annual reports, maintaining a registered agent, or paying appropriate fees. These obligations are vital to the continued existence and operation of your corporation in accordance with Texas laws. As a result, unless immediate action is taken to rectify these concerns, your corporation may face administrative dissolution or revocation. This action may include the removal of your corporation from the official record, termination of its legal existence, and possible loss of limited liability protection for its shareholders or members. To prevent the dissolution or revocation of your corporation, you must take the following steps: 1. Conduct a thorough review of your corporation's records and financial status to identify any shortcomings concerning compliance with Texas regulations. 2. Rectify any outstanding issues or deficiencies, which may involve filing overdue annual reports, appointing a registered agent, or paying outstanding fees and taxes. 3. Submit all necessary documentation and payments to the appropriate government agency in a timely manner. This may include the Texas Secretary of State or the Texas Comptroller of Public Accounts, depending on the specific requirements. It is crucial that you address these matters promptly to avoid severe consequences for your corporation. Failure to comply with this official notice may result in the dissolution or revocation of your corporation, terminating its legal rights and entitlements, and potentially exposing it to legal liabilities. Should you require any additional information or have questions regarding the steps outlined above, please do not hesitate to contact our office at [Contact Number] or [Email Address]. We are here to assist you in ensuring the continued operation and compliance of your corporation. We strongly encourage you to take this matter seriously and take immediate action to rectify the identified issues. Failure to respond or address the concerns mentioned in this notice promptly may result in irreversible consequences for your corporation. Thank you for your attention to this matter. Yours sincerely, [Your Name] [Your Title/Position] [Your Organization] [Contact Number] [Email Address]
Houston Texas Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation
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FAQ
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.
Can a dissolved business still operate? A dissolved business can't operate or conduct business other than that which is necessary to wind up its affairs and liquidate its assets.
This is one of the worst things that can happen to the LLC and it should be avoided at all costs. All too often, the client has no idea that the administrative dissolution has taken place and continues to run the business as usual.
Admin dissolved or administrative dissolution refers to the act of a governing body removing the legal rights, abilities, assets and authority of a corporate entity, either for violation of certain laws or a similar form of transgression performed by the company and its constituent members.
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.
Letting a company ?die on the vine? by being administratively dissolved and then doing nothing is as irresponsible as it is ineffective, because it doesn't really die there. It just rots, festering with ongoing financial and legal concerns that become ever more expensive to address.
Revocation refers to cases in which the Articles of Incorporation for a Corporation or Articles of Organization for an LLC are revoked by the Secretary of State. Another term for Revocation is Administrative Dissolution.
Once a business entity is administratively dissolved, it is prohibited by statute from engaging in any activities other than those necessary to liquidate its assets and wind up its affairs.
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.
