[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Official Notice of Intent to Administratively Dissolve or Revoke — [Company Name] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to you on behalf of [Your Company Name], located in Suffolk County, New York, to serve as an official notice of our intent to administratively dissolve or revoke our company. Suffolk County, situated on Long Island, is the easternmost county in New York State. With its diverse and thriving communities, Suffolk County offers a plethora of opportunities for businesses to grow and thrive. However, due to various circumstances, we have reached a difficult decision to dissolve or revoke our company's operations. [Company Name], a reputable establishment in Suffolk County, has been serving the community for [number of years]. We have worked diligently to provide exceptional [products/services] to our valued customers. Unfortunately, due to [reason for dissolution/revocation], we are unable to further continue our operations. Through this official notice, we would like to inform you that we will be undergoing the administrative dissolution or revocation process. As per the requirements of the New York State Department of State, we have taken steps to initiate the necessary procedures. Our intent is to complete this process within the legally mandated timeframe. To ensure a smooth transition and minimal disruption to our clients, we have put together a comprehensive plan. This plan includes notifying our customers, transferring their accounts to an alternative service provider if applicable, and providing necessary refunds or compensation as per the terms of our contracts. We understand the importance of prompt communication during this process, and we request your cooperation accordingly. If you have any outstanding matters related to our services or require further information, please contact us at [your contact information]. We will strive to address your concerns and provide assistance to the best of our ability during this transition. We sincerely apologize for any inconvenience caused by the dissolution or revocation of our company's operations. Furthermore, we would like to express our gratitude for your support and patronage throughout the years. Please accept our heartfelt thanks for your trust and confidence in [Company Name]. Thank you for your attention to this matter. We will ensure all necessary documents are filed appropriately with the relevant government entities. Should you have any questions or need further clarification, please do not hesitate to reach out. We value our relationship with our clients and stakeholders and are committed to maintaining transparency and open communication. Sincerely, [Your Name] [Your Title] [Your Company Name]
Suffolk New York Sample Letter for Official Notice of Intent to Administratively Dissolve or Revoke
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Basic Letter of Dissolution Elements 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.
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.
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.
§ 607.1405(1). If a person enters into contracts or conducts other business in the name of a dissolved corporation then that person can be held personally liable for those contracts and business obligations.
Respected Sir, I want to say that I want to cancel the business partnership with you as I am shifting abroad and I want to shift my business there too. I want to end your business partnership due to a personal dispute, business growth, and financial problems. (state your actual problem and situation).
Simply state the bare facts of the situation, and keep the text as simple and direct as possible. A dissolution letter may often touch on any remaining obligations that one or both parties must fulfill, according to the terms and conditions of a pre-existing contract.
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.
Dissolution of a corporation occurs after a company either voluntarily or is ordered to dissolve the company. During the process, any assets are liquidated to pay off debts. Once a business has closed its doors, the process of dissolution begins.
There are three causes of dissolution: (1) by act of the partnerssome dissociations do trigger dissolution; (2) by operation of law; or (3) by court order.
How to Dissolve a Partnership Review and Follow Your Partnership Agreement.Vote on Dissolution and Document Your Decision.Send Notifications and Cancel Business Registrations.Pay Outstanding Debts, Liquidate, and Distribute Assets.File Final Tax Return and Cancel Tax Accounts.Limiting Your Future Liability.
