US Legal Forms
Arizona Dissolution Package to Dissolve Corporation

Dissolution Of Corporation Arizona Without Llc

Q: Does Zen business help dissolve LLC?

We&#039;re here to help you with your California business needs, from day one through dissolution. We can help you quickly and efficiently form your LLC or corporation.

Category:

Corporations - Dissolution

State:

Arizona

Control #:

AZ-DP-0001

Format:

Instant download

Description

The dissolution of a corporation package contains all forms to dissolve a corporation in Arizona, step by step instructions, addresses, transmittal letters, and other information.

Stockholder Approval of Indemnification Ag...

View this form

Bid Proposal form for Construction of Buil...

View this form

Hippa Release Form for Medical Records

View this form

Complaint For Declaratory Judgment, Tempor...

View this form

Opinion Evidence (Lay Witnesses) (F.R.E. 7...

View this form

Joint Petition Agreement and Judgment and ...

View this form

Artist Management Agreement

View this form

Invoice Template for Contractor

View this form

Promissory Note - Balloon Note

View this form

Addendum to Contract for the Sale and Purc...

View this form

How to fill out Arizona Dissolution Package To Dissolve Corporation?

Handling legal papers and operations might be a time-consuming addition to the day. Dissolution Of Corporation Arizona Without Llc and forms like it often require you to look for them and understand how to complete them effectively. As a result, if you are taking care of financial, legal, or individual matters, using a thorough and practical online library of forms when you need it will significantly help.

US Legal Forms is the best online platform of legal templates, offering over 85,000 state-specific forms and a number of resources to help you complete your papers easily. Explore the library of relevant documents open to you with just one click.

US Legal Forms provides you with state- and county-specific forms offered at any time for downloading. Safeguard your document management procedures by using a top-notch service that lets you put together any form within a few minutes with no extra or hidden fees. Simply log in to your account, identify Dissolution Of Corporation Arizona Without Llc and acquire it straight away within the My Forms tab. You can also gain access to previously downloaded forms.

Would it be the first time making use of US Legal Forms? Register and set up your account in a few minutes and you will get access to the form library and Dissolution Of Corporation Arizona Without Llc. Then, adhere to the steps listed below to complete your form:

Ensure you have the proper form using the Preview option and looking at the form information.
Select Buy Now as soon as all set, and select the subscription plan that suits you.
Press Download then complete, sign, and print the form.

US Legal Forms has twenty five years of expertise assisting users handle their legal papers. Discover the form you need today and improve any operation without breaking a sweat.

Form popularity

FAQ

You must file Form 966, Corporate Dissolution or Liquidation, if you adopt a resolution or plan to dissolve the corporation or liquidate any of its stock. You must also file your corporation's final income tax return.

How do you dissolve an Arizona Corporation? To dissolve your Corporation in Arizona, you submit the completed Form CF: 0030 Articles of Dissolution and one exact copy to the Arizona Corporation Commission (ACC) by mail, fax, or in person. The Articles of Dissolution are available online (see link below).

There are three main steps involved in a voluntary dissolution of a corporation: Filing the document to dissolve the corporation with the state. Wrapping up operations of the business. Liquidating and then distributing the assets of the corporation to the shareholders.

We're here to help you with your California business needs, from day one through dissolution. We can help you quickly and efficiently form your LLC or corporation.

There are 3 main ways a company can be dissolved ? administratively, voluntarily, and judicially.

Trusted and secure by over 3 million people of the world’s leading companies

Arizona Dissolution Package to Dissolve Corporation

ARIZONA CORPORATE DISSOLUTION

STATUTORY REFERENCE

ARIZONA REVISED STATUTES, Â§Â§ 10-1401 through 10-1440

In Texas, a corporation may be dissolved voluntarily, administratively, or judicially.

If a corporation has not issued shares or has not commenced business, then a majority of the incorporators or initial directors may dissolve the corporation by filing Articles of Dissolution with the Arizona Corporation Commission.

Additionally, the Board of Directors of a corporation may propose dissolution for submission to the shareholders.Â For the Board's proposal to be adopted, the Board must recommend dissolution to the shareholders - unless the Board determines that, because of conflict of interest or other special circumstances, it should make no recommendation and advises the shareholders of the basis for its determination.Â Then, the shareholders entitled to vote must approve the proposal to dissolve. Unless the articles of incorporation or the Board requires a greater vote or a vote by voting groups, for the proposal to dissolve to be adopted, must be approved by a majority of all of the votes entitled to be cast on the Board's proposal.

The Board may condition its submission of the proposal for dissolution on any basis.

The corporation must notify each shareholder, whether or not entitled to vote, of the proposed shareholders' meeting. The notice must state that the purpose (or one of the purposes) of the meeting is to consider dissolving the corporation.

A corporation is dissolved on the effective date of its articles of dissolution.

The articles of dissolution are not considered complete until the commission receives a notice from the Department of Revenue confirming that any and all taxes levied pursuant to Title 42, Chapter 5, Article 1 (Transaction Privilege and Affiliated Excise Taxes) due by the corporation have been paid or that the corporation is not subject to those taxes.

Articles of dissolution are not considered complete until all fees, penalties and costs required to be paid have been paid and the Commission has received an affidavit that a copy of the articles of dissolution has been published.

A dissolved corporation continues its corporate existence but cannot carry on any business except that business appropriate to wind up and liquidate its business and affairs, including: 1. Collecting its assets.
2. Disposing of its properties that will not be distributed in kind to its shareholders.
3. Discharging or making provisions for discharging its liabilities.
4. Distributing its remaining property among its shareholders according to their interests.
5. Doing every other act necessary to wind up and liquidate its business and affairs. Dissolution of a corporation does not: 1. Transfer title to the corporation's property.
2. Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records.
3. Subject its directors or officers to standards of conduct different from those prescribed under Arizona general corporation law.
4. Change quorum or voting requirements for its board of directors or shareholders, change provisions for selection, resignation or removal of its directors or officers, or both, or change provisions for amending its bylaws.
5. Prevent commencement of a proceeding by or against the corporation in its corporate name or any officers, directors or shareholders or affect applicable statutes of limitation.
6. Abate or suspend a proceeding pending by or against the corporation or any officers, directors or shareholders on the effective date of dissolution.
7. Terminate the authority of the statutory agent of the corporation. A dissolved corporation may dispose of the known claims against it by notifying its known claimants in writing of the dissolution.Â The written notice must: 1. Describe information that shall be included in a claim.
2. Provide a mailing address where a claim may be sent.
3. State the deadline, which may not be fewer than one hundred twenty days from the effective date of the written notice, by which the dissolved corporation must receive the claim.
4. State that the claim will be barred if not received by the deadline. A claim against the dissolved corporation is barred: 1. If a claimant who was given written notice under subsection B does not deliver the claim to the dissolved corporation by the deadline.
OR
2. If a claimant whose claim was rejected by the dissolved corporation does not commence a proceeding to enforce the claim within ninety days from the effective date of the rejection notice. A "claim" does not include a contingent claim. However, a claim that is contingent as of the effective date of dissolution but later ripens into a known claim or a claim based on an event occurring after the effective date of dissolution may be disposed of by the dissolved corporation by noticing the claimant as set out above.

If there are potential unknown claims against the corporation, the corporation may publish notice of its dissolution and request that persons with claims against the corporation present them in accordance with the notice.Â The notice must: 1. Be published one time in a newspaper of general circulation in the county where the dissolved corporation's known place of business is or was last located.
2. Describe the information that must be included in a claim and provide a mailing address where the claim may be sent.
3. State that a claim against the corporation will be barred unless a proceeding to enforce the claim is commenced within five years after the publication of the notice. If the corporation publishes a newspaper notice, the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within five years after the publication date of the newspaper notice: 1. A claimant who did not receive written notice under section 10-1406.
2. A claimant whose claim was timely sent to the dissolved corporation but not acted on.
3. A claimant whose claim is contingent or based on an event occurring after the effective date of the dissolution. A claim, including a contingent claim or a claim based on an event occurring after the effective date of dissolution, may be enforced under this section either: 1. Against the dissolved corporation to the extent of its undistributed assets.
OR
2. If the assets have been distributed, against a shareholder of the dissolved corporation to the extent of that shareholder's pro rata share of the claim or the corporate assets distributed to him in liquidation, whichever is less.Â A shareholder's total liability for all claims cannot exceed the total amount of assets distributed to him. Assets of a dissolved corporation that should be transferred to a creditor, claimant or shareholder of the corporation who either cannot be found or who is not competent to receive them and does not have a legal representative who is legally competent to receive them must be reduced to cash and deposited with the unclaimed property division of the Department of Revenue for safekeeping.

Note: All Information and Previews are subject to the Disclaimer located on the main forms page, and also linked at the bottom of all search results.

Arizona Dissolution Package to Dissolve Corporation

ARIZONA CORPORATE DISSOLUTION

STATUTORY REFERENCE

ARIZONA REVISED STATUTES, Â§Â§ 10-1401 through 10-1440

In Texas, a corporation may be dissolved voluntarily, administratively, or judicially.

The Board may condition its submission of the proposal for dissolution on any basis.

A corporation is dissolved on the effective date of its articles of dissolution.

Note: All Information and Previews are subject to the Disclaimer located on the main forms page, and also linked at the bottom of all search results.

Dissolution Of Corporation Arizona Without Llc

Description

Viewed forms

How to fill out Arizona Dissolution Package To Dissolve Corporation?

Form popularity

FAQ

What are the possible forms of Dissolution of a corporation?

How do I dissolve a corporation in Arizona?

What must take place for a corporation to be voluntarily dissolved?

Does Zen business help dissolve LLC?

What are the different types of corporate dissolution?

Trusted and secure by over 3 million people of the world’s leading companies

Dissolution Of Corporation Arizona Without Llc

Description

Viewed forms

How to fill out Arizona Dissolution Package To Dissolve Corporation?

Form popularity

FAQ

What are the possible forms of Dissolution of a corporation?

How do I dissolve a corporation in Arizona?

What must take place for a corporation to be voluntarily dissolved?

Does Zen business help dissolve LLC?

What are the different types of corporate dissolution?

Dissolution Of Corporation Arizona Without Llc Related Searches

Trusted and secure by over 3 million people of the world’s leading companies