How do they determine child support in NC?

The calculation of child support involves the use of a formula which has certain variables. The most significant variables are each party's income, daycare expenses, the cost of medical insurance, and the living arrangements of the children.

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North Carolina Dissolution Package to Dissolve Corporation

Nc Articles Of Dissolution With Minor Child

Category:

Corporations - Dissolution

State:

North Carolina

Control #:

NC-DP-0001

Format:

Instant download

Description

The North Carolina Articles of Dissolution with Minor Child form is a key legal document used to dissolve a corporation with compliance to state regulations. It serves individuals and entities, including attorneys, partners, owners, associates, paralegals, and legal assistants, ensuring that the dissolution process adheres to North Carolina General Statutes. This form is especially crucial for corporations that have issued shares, requiring a board of directors' resolution followed by shareholder approval. Key features include detailed step-by-step instructions for filling out, filing fees, and necessary supporting documents. It outlines the procedures for notifying claimants and dealing with claims against the dissolved corporation, ensuring all parties are properly informed. Users are advised on timelines for claims submission and the consequences of not filing claims within set deadlines. This form is integral for legal professionals assisting clients in corporate dissolution, providing a clear framework for compliance while addressing the financial and legal interests of stakeholders.

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How to fill out North Carolina Dissolution Package To Dissolve Corporation?

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FAQ

In North Carolina, a parent cannot generally take a child out of state without the other parent's consent if there is a custody order in place. This restriction aims to safeguard the child’s relationships and ensure stability. If you need clarity on this issue, exploring options on platforms like US Legal Forms can help guide you through the complexities surrounding Nc articles of dissolution with minor child.

Five Steps For Getting Divorced in North Carolina A physical separation of the couple. ... File a Divorce Complaint with the Clerk of Court in Your County. ... Enter mediation, if you think it will be an amicable divorce. ... A judge hears testimony and issues the final divorce order.

Coercion, fraud, undue influence or lack of knowledge will void the terms of a separation agreement.

In North Carolina, the child may be allowed to testify if they are of a suitable age and discretion. There is no definite age. Additionally, if both parties consent, the judge can talk to the children in private, with only counsel present.

In North Carolina, child support is calculated based on the parents' relative incomes. The goal of the Guidelines is to provide the child the same proportion of income from each parent they would get if they all lived together.

The calculation of child support involves the use of a formula which has certain variables. The most significant variables are each party's income, daycare expenses, the cost of medical insurance, and the living arrangements of the children.

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North Carolina Dissolution Package to Dissolve Corporation

NORTH CAROLINA CORPORATE DISSOLUTION

Statutory Reference:

NORTH CAROLINA GENERAL STATUTES, Â§Â§55-14-01 through 55-14-08

General Discussion:

There are two ways to voluntarily dissolve a business corporation in the State of North Carolina: 1) by the directors or, if the corporation has no directors, by a majority of the incorporators if the corporation has not issued any shares, or 2) by board of directors and shareholders.

If the corporation has not issued shares, the directors or, if the corporation has no directors, a majority of the incorporators may dissolve the corporation by filing articles of dissolution with the Secretary of State.

If the corporation has issued shares, then the corporation may be dissolved if the board of directors recommends dissolution to the shareholders and the shareholders approve the recommendation of dissolution. If the Board determines that special circumstances exist, or that there is some conflict with the board making a recommendation of dissolution, then the board may make no recommendation to the shareholders and advise the shareholders of why it is failing to make a recommendation.Â The board of directors may condition the submission of its proposal for dissolution on any basis.

The shareholders entitled to vote on whether or not the corporation should be dissolved must approve the board's recommendation.Â Prior to a vote on any recommendation of the board, all shareholders must be notified of the proposed shareholders meeting to address the issue of dissolution.Â Unless the certificate of incorporation or the board of directors requires a greater vote, the proposal to dissolve must be approved by a majority of all the votes entitled to be cast on that proposal.Â If the board's recommendation is approved by the shareholders, then articles of dissolution are filed with the Secretary of Sate.

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

However, as important as following the correct procedures for "dissolving" the corporation are the actions which must be taken by the "dissolved" corporation after dissolution to accomplish the "winding up" of the corporation's affairs.

A dissolved corporation continues its corporate existence, but it but may not carry on any business except that appropriate to wind up and liquidate its business and affairs.Â As part of the "winding up," the corporation may collect its assets, dispose of property that will not be distributed to shareholders, satisfy or make provision to satisfy its liabilities, and distribute any assets remaining after creditors have been satisfied to its shareholders.Â Generally speaking, the "dissolved" corporation can do anything necessary to wind up and liquidate its business affairs.

Dissolution of a corporation does not transfer title to the corporation's property, does not prevent the transfer of corporate shares, does not subject the directors and officers to a different standard of care than before the dissolution, does not change any voting requirements, does not prevent transfer of the corporation's stock, does not stop any one from suing the corporation, does not stop any pending legal action, does not terminate the authority or obligations of the corporation's registered agent, and does not automatically render the shareholders liable for the debts of the corporation.

A dissolved corporation may dispose of the known claims against it by following these statutory requirements:

The corporation must notify its known claimants in writing of the dissolution after the effective date of dissolution.Â This written notice must describe the information that must be included in a claim, must provide a mailing address where a claim may be sent, must state the deadline by which the corporation must receive the claim, and must state that the claim will be barred if not received by the deadline, which must be at least 120 days from the date of the notice.

A claim against the corporation is barred if a claimant who was given written notice does not deliver the claim to the corporation by the deadline OR if a claimant whose claim was rejected by the corporation by written notice of rejection does not sue to enforce the claim within 90 days from the date of the rejection notice.Â Note:Â a "claim" does not include a contingent liability or a claim based on an event occurring after the effective date of dissolution.

A corporation may satisfy and dispose of the unknown claims against it by following the procedure:

The corporation may publish notice of its dissolution and request that persons with claims against the corporation present them in accordance with the notice. The notice must be published one time in a newspaper of general circulation in the county where the corporation's principal office is/was located or, if the corporation had no office in North Carolina, then in a newspaper of general circulation in the county where the corporations registered office is/was located.Â The notice must describe the information that must be included in a claim and provide a mailing address where the claim may be sent.Â The notice must also state that claims 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, claims against the corporation are barred unless the claimant commences a proceeding to enforce the claim against the corporation within five years after the publication date of the newspaper notice.

Any entity having a claim against the corporation may enforce its claim against undistributed assets of the corporation, or if the assets have been distributed to shareholders, then against the shareholders. Claims against a shareholder of the corporation are limited to the shareholder's pro rata share of the claim or to the corporate assets distributed to the shareholder, whichever is less.Â A shareholder's total liability for all claims cannot exceed the total amount of assets distributed to the shareholder.

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.

North Carolina Dissolution Package to Dissolve Corporation

NORTH CAROLINA CORPORATE DISSOLUTION

Statutory Reference:

NORTH CAROLINA GENERAL STATUTES, Â§Â§55-14-01 through 55-14-08

General Discussion:

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

A dissolved corporation may dispose of the known claims against it by following these statutory requirements:

A corporation may satisfy and dispose of the unknown claims against it by following the procedure:

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.

Nc Articles Of Dissolution With Minor Child

Description

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How do they determine child support in NC?

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

Nc Articles Of Dissolution With Minor Child

Description

Related forms

Viewed forms

How to fill out North Carolina Dissolution Package To Dissolve Corporation?

Form popularity

FAQ

Can a parent take a child out of state without the other parent's consent in NC?

How do I file for divorce with my child in NC?

What voids a separation agreement in NC?

At what age will a judge listen to a child in NC?

How does North Carolina calculate child support?

How do they determine child support in NC?

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