Chicago Illinois Sample Letter for Dissolution of Corporation

• Category: Letters - Legal - Corporations
• State: Multi-State
• City: Chicago
• Control #: US-0272LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Company Name and Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP Code] Subject: Notice of Dissolution of [Corporation Name] Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally notify you of the dissolution of [Corporation Name], a corporation organized under the laws of the State of Illinois, and headquartered in Chicago. As of [Effective Date of Dissolution], the shareholders and directors of [Corporation Name] have unanimously passed a resolution to dissolve the corporation. This decision was made due to [reasons for dissolution], which have led to the conclusion that it is no longer viable to continue the operation of the company. Certain key details regarding the dissolution of [Corporation Name] are as follows: 1. Effective Date of Dissolution: [Date] — The dissolution will be legally effective on the specified date, in accordance with the Illinois Business Corporation Act. 2. Distribution of Assets: The remaining assets of the corporation will be distributed among the shareholders in accordance with their respective ownership interests, subject to any outstanding debts or obligations. The liquidation and distribution process will be supervised by [Name of Liquidator or Trustee], who has been appointed for this purpose. 3. Final Tax Filings: [Corporation Name] will fulfill all its obligations with the Illinois Department of Revenue and the Internal Revenue Service before and after the dissolution process. We will ensure all necessary tax returns, including the final corporate tax return, are filed and any outstanding taxes are settled. 4. Handling of Claims and Debts: Any stakeholders or creditors with claims against [Corporation Name] are requested to contact our office within [number of days, e.g., 30 days], following the publication of this notice. Claims received beyond this period may not be considered valid as per the applicable laws. We kindly request that you update your records and acknowledge the dissolution of [Corporation Name] as a reputable entity. This will greatly assist us in ensuring a smooth winding-up process. Further communications can be directed to our registered agent, [Name and Address of Registered Agent], during the dissolution process. In the event that you require additional documentation or have any queries regarding the dissolution, please do not hesitate to contact me at [Contact Information]. We appreciate your understanding and cooperation throughout this process. Thank you for your past support of [Corporation Name]. It has been a pleasure doing business with [Company Name], and we hope to maintain a positive relationship moving forward, albeit in a different capacity. Wishing you continued success and prosperity. Sincerely, [Your Name] [Your Position] [Your Company Name]

[Your Name] [Your Company Name and Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP Code] Subject: Notice of Dissolution of [Corporation Name] Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally notify you of the dissolution of [Corporation Name], a corporation organized under the laws of the State of Illinois, and headquartered in Chicago. As of [Effective Date of Dissolution], the shareholders and directors of [Corporation Name] have unanimously passed a resolution to dissolve the corporation. This decision was made due to [reasons for dissolution], which have led to the conclusion that it is no longer viable to continue the operation of the company. Certain key details regarding the dissolution of [Corporation Name] are as follows: 1. Effective Date of Dissolution: [Date] — The dissolution will be legally effective on the specified date, in accordance with the Illinois Business Corporation Act. 2. Distribution of Assets: The remaining assets of the corporation will be distributed among the shareholders in accordance with their respective ownership interests, subject to any outstanding debts or obligations. The liquidation and distribution process will be supervised by [Name of Liquidator or Trustee], who has been appointed for this purpose. 3. Final Tax Filings: [Corporation Name] will fulfill all its obligations with the Illinois Department of Revenue and the Internal Revenue Service before and after the dissolution process. We will ensure all necessary tax returns, including the final corporate tax return, are filed and any outstanding taxes are settled. 4. Handling of Claims and Debts: Any stakeholders or creditors with claims against [Corporation Name] are requested to contact our office within [number of days, e.g., 30 days], following the publication of this notice. Claims received beyond this period may not be considered valid as per the applicable laws. We kindly request that you update your records and acknowledge the dissolution of [Corporation Name] as a reputable entity. This will greatly assist us in ensuring a smooth winding-up process. Further communications can be directed to our registered agent, [Name and Address of Registered Agent], during the dissolution process. In the event that you require additional documentation or have any queries regarding the dissolution, please do not hesitate to contact me at [Contact Information]. We appreciate your understanding and cooperation throughout this process. Thank you for your past support of [Corporation Name]. It has been a pleasure doing business with [Company Name], and we hope to maintain a positive relationship moving forward, albeit in a different capacity. Wishing you continued success and prosperity. Sincerely, [Your Name] [Your Position] [Your Company Name]