The dissolution package contains all forms to dissolve a LLC or PLLC in Connecticut, step by step instructions, addresses, transmittal letters, and other information.
Connecticut Dissolution of Corporation: A Comprehensive Guide Connecticut dissolution of corporation refers to the process of legally terminating a corporation's existence within the state of Connecticut. When a corporation is dissolved, it ceases to exist as a separate legal entity, effectively ending its operations, business activities, and any associated legal obligations. This comprehensive guide aims to provide a detailed description of Connecticut dissolution of corporation, outlining the steps involved, relevant keywords, and highlighting any different types of dissolution. 1. Voluntary Dissolution: Voluntary dissolution occurs when the corporation's shareholders or directors decide to formally dissolve the corporation. This type of dissolution is initiated by passing a resolution in a shareholder or director meeting, where a majority vote is usually required. Keywords: voluntary dissolution, shareholders, directors, resolution. 2. Involuntary Dissolution: Involuntary dissolution occurs when external parties, usually the state authorities, force the dissolution of a corporation due to non-compliance with statutory requirements, failure to maintain necessary licenses, or failure to file annual reports or pay taxes. Keywords: involuntary dissolution, non-compliance, state authorities, licenses, annual reports, taxes. 3. Administrative Dissolution: Administrative dissolution occurs when the Connecticut Secretary of State administratively dissolves a corporation for violating certain statutory provisions, such as failure to maintain a registered agent or a principal office in Connecticut, failure to notify the state about changes in corporate address or officers, or failure to file required documents. Keywords: administrative dissolution, Connecticut Secretary of State, statutory provisions, registered agent, principal office, required documents. 4. Judicial Dissolution: Judicial dissolution takes place when a court orders the dissolution of a corporation in response to a petition filed by certain interested parties, such as shareholders, directors, or creditors. This type of dissolution may occur due to a deadlock in decision-making, oppressive actions by majority shareholders, or persistent misconduct. Keywords: judicial dissolution, court order, petition, interested parties, deadlock, oppressive actions, misconduct. Steps in Connecticut Dissolution of Corporation: 1. Prepare and adopt a dissolution resolution or secure a court order. 2. Notify the Connecticut Secretary of State about the decision to dissolve within 30 days of adopting the resolution. 3. File the necessary dissolution documents with the Connecticut Secretary of State, which may include a Certificate of Dissolution, Articles of Dissolution, or other required forms. 4. Settle all outstanding obligations, including debts, taxes, and other liabilities, and notify known creditors of the dissolution. 5. Dispose of corporate assets as per applicable laws and corporate bylaws. 6. Complete any necessary tax filings, including final tax returns and cancellation of any applicable permits or licenses. 7. Notify any federal agencies or relevant authorities, such as the Internal Revenue Service (IRS), about the dissolution. 8. Keep records of the dissolution process, including minutes of meetings and all filed documents. It's important to note that this guide provides a general overview of Connecticut dissolution of corporation and is not intended as legal advice. Consulting with a qualified attorney or legal professional for accurate and up-to-date information specific to your corporation's circumstances is strongly recommended.
