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Rs executing the certificate OR the name, address and title of the officer executing the certificate; 4. The corporation has no assets, has ceased doing business and does not intend to recommence doing business, and has not made any distributions of cash or property to the shareholders within the last 24 months and does not intend to have any distribution following its dissolution. 5. The shareholders have authorized the dissolution by signing the Certificate of Dissolution in person or by prox.

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How to fill out the Nj Dissolution C 159c Form online

Filling out the Nj Dissolution C 159c Form online is a vital step for corporations in New Jersey seeking to dissolve without assets. This guide provides clear, detailed instructions to help users complete the form accurately and efficiently, regardless of their legal experience.

Follow the steps to complete the Nj Dissolution C 159c Form online

  1. Click the ‘Get Form’ button to access the Nj Dissolution C 159c Form and open it in your preferred digital format.
  2. In the first field, enter the name of the corporation exactly as it appears in the state records. This ensures that the dissolution request is correctly linked to the right entity.
  3. In the second field, provide the corporation number, a 10-digit identification number issued by the State of New Jersey, which uniquely identifies your business entity.
  4. In the third field, list either the names and addresses of the shareholders who are executing the certificate, or the name, address, and title of the officer executing the certificate, depending on who is completing the form.
  5. In the next section, affirm that the corporation has no assets, has ceased all business operations, and does not intend to recommence business. Confirm that no distributions have been made to shareholders in the last 24 months and that none will be made following dissolution.
  6. State that the shareholders have authorized the dissolution by providing either their signatures (in person or by proxy) or confirmation that all necessary parties have provided notification of the dissolution without objection. Make sure this complies with legal requirements.
  7. In the final section, confirm that the shareholders or officers signing the certificate believe all statements made in the document are true, under penalty of perjury. This ensures accountability and accuracy in your filings.
  8. Once all fields are filled out correctly, review your form for any errors. After confirming the accuracy of the information, proceed to save the document, download it, print it, or share it as needed.

Complete your Nj Dissolution C 159c Form online to ensure a smooth dissolution process.

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To cancel an LLC, you file a Certificate of Cancellation (Form L-109), while to dissolve one you file a Certificate of Dissolution (Form L-110). State law also requires you to file a Certificate of Termination (Form L-110A) once the company's affairs are concluded (see Section 3 below.)

by Practical Law Corporate & Securities. Law stated as of 05 Aug 2020 New Jersey. A plan for dissolving a New Jersey for-profit corporation. This document can be used as a separate agreement or incorporated into a resolution for the corporation.

Generally, this provision is met by distributing any remaining assets to either another tax-exempt nonprofit or charitable organization (that is, another organization with 501(c)(3) status), or to the government, whether federal, state or local.

File a final form. In this type of dissolution, the IRS mandates that the board of directors of the nonprofit organization complete certain requirements to "dissolve," or shut down, the 501(c)(3). ... Vote for dissolution. ... File Form 990. ... File the paperwork.

Step 1: Corporation or LLC action. ... Step 2: Filing the Certificate of Dissolution with the state. ... Step 3: Filing federal, state, and local tax forms. ... Step 4: Notifying creditors your business is ending. ... Step 5: Settling creditors' claims.

To dissolve a limited liability company (LLC) in New Jersey, you must file a certificate of cancellation or dissolution with the state Division of Revenue, pay the required fees, and wind up the company's remaining business.

Hold a board of directors meeting and formally move to dissolve your corporation. ... File for dissolution online, or mail the Certificate of Dissolution (in duplicate) to the New Jersey Division of Revenue.

New Jersey requires business owners to submit their Certificate of Cancellation by mail or online. You can also have a professional service provider file your Articles of Dissolution for you. Incfile prepares the Articles of Dissolution for you, and files them to the state for $149 + State Fees.

A nonprofit corporation that has commenced activities may dissolve by filing a Notice of Intent to Dissolve pursuant to O.C.G.A. 14-3- 1404 and Articles of Dissolution pursuant to O.C.G.A. 14-3-1409. Form CD 525 and CD 530 may be used for this purpose.

All members must sign a certificate of dissolution and adopt a plan of dissolution. A nonprofit that has members can also dissolve through action by the board and then by the members. The board first must adopt a resolution to dissolve and a plan of dissolution and submit it to the members for a vote.

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