New York Dissolution Package to Dissolve Corporation
What this document covers
The New York Dissolution Package to Dissolve Corporation includes the necessary forms and instructions to formally dissolve a corporation in New York. This package provides a step-by-step guide, enabling corporations to navigate the dissolution process legally and efficiently. It stands apart from other corporate forms by specifically focusing on the dissolution requirements outlined in New York law.
Main sections of this form
- Certificate of Dissolution: the official form required to legally dissolve the corporation.
- Resolution of Directors: documentation of the board's decision to recommend dissolution.
- Notice of Special Meeting: notification to shareholders regarding the meeting to approve dissolution.
- Written Consent of Shareholders: form for shareholders to indicate their approval for dissolution.
- Notice of Intent to Voluntarily Dissolve: formal notice requesting claims from creditors after dissolution.
Common use cases
This form should be used when a corporation in New York has decided to cease business operations and dissolve. Common scenarios include changes in business strategy, mergers, or when a business can no longer sustain itself financially. If the shareholders have approved the corporation's dissolution, this package provides a streamlined process to complete it legally.
Intended users of this form
This form is intended for:
- Corporation Directors looking to dissolve their company.
- Shareholders who need to approve the dissolution of the corporation.
- Business owners seeking to formally wind down their corporate activities in New York.
Completing this form step by step
- Obtain consent for dissolution from the New York State Tax Commission.
- Have the Board of Directors adopt a resolution to recommend dissolution.
- Mail a Notice of Special Meeting to all shareholders to get their approval.
- Complete and file the Certificate of Dissolution, including the State Tax Commission consent.
- Publish a Notice of Intent to Voluntarily Dissolve in a newspaper for creditor claims.
Notarization guidance
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to obtain consent from the State Tax Commission before filing the dissolution.
- Not notifying all shareholders of the special meeting or failing to secure their approval.
- Inadequately publishing the notice for creditor claims following dissolution.
- Not completing necessary follow-up actions after the company is formally dissolved.
Why use this form online
- Convenience of immediate downloads for preparation and filing.
- Forms are drafted by licensed attorneys, ensuring legal compliance.
- Step-by-step instructions guide users through the dissolution process.
- Easy to manage and edit forms to fit specific business needs.
Legal use & context
- This form complies with New York state laws governing corporate dissolution.
- It helps fulfill legal obligations to creditors and shareholders during the winding-up process.
- The completed form can serve as official documentation in case of disputes or legal questions regarding the dissolution.
- The New York Dissolution Package provides a complete solution for dissolving a corporation in New York.
- Proper steps must be followed to ensure legal compliance and protection against creditor claims.
- Essential documents include the Certificate of Dissolution, a resolution from the board of directors, and notices to creditors.
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FAQ
Call. To start the surrender process, call the Tax Department's Corporate Dissolution Unit. File. Create a Certificate of Surrender of Authority. File the following with the Department of State: Wait for the Department of State to process your paperwork.
Call a Board Meeting. File a Certificate of Dissolution With the Secretary of State. Notify the Internal Revenue Service (IRS) Close Accounts and Credit Lines, Cancel Licenses, Etc.
Obtaining written consent from the Tax Department1 (which will check to see if the corporation owes back taxes and if it has filed all its returns)2; and. Filing paperwork with the New York Department of State, including a Certificate of Dissolution.
Obtaining written consent from the Tax Department1 (which will check to see if the corporation owes back taxes and if it has filed all its returns)2; and. Filing paperwork with the New York Department of State, including a Certificate of Dissolution.
Once the initial actions are completed, the New York Secretary of State usually takes around 5-7 business days to process the Certificate of Dissolution. Processing times for New York Corporation Dissolution filings vary depending on the work load of the Secretary of State's staff.
The fee for filing the Certificate of Dissolution is $60. The fee may be paid by cash, check, money order, MasterCard, Visa or American Express. Checks and money orders should be made payable to the New York Department of State. Please do not send cash through the mail.
Step 1: Hold a Board Meeting and Seek Shareholder Approval. Step 2: File a Certificate of Dissolution with the Secretary of State. Step 3: Notify the Internal Revenue Service and Other Taxing Authorities. Step 4: Formal Notice of Dissolution. Step 5: Settle Claims with Creditors.
