Resignation Officer With Director In Phoenix
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FAQ
What happens after I resign from a limited company? Following your resignation you are no longer a director, and therefore your do not have these responsibilities to the company any longer. On the other hand, you will no longer have access to the company's accounts nor the ability to say how the company should be run.
In conclusion, it is possible to relinquish your directorial duties while still holding firm to your shareholder role. However, it is advisable for anyone in this situation to consult legal counsel to ensure compliance with all relevant regulations and agreements.
Ans: Yes, one can resign as a director and remain an employee.
What this means is that, subject to the company's articles of association, a sole director can resign leaving the company without any directors, and can do so without breaching their fiduciaries duties.
A resigned director won't be held indefinitely liable for all their previous actions. If the company is insolvent, the insolvency practitioner can investigate your conduct going back three years prior. If there has been a breach of fiduciary duty, the company has up to six years to take legal action against you.
The five Commissioners elected to the Corporation Commission oversee executive, legislative, and judicial proceedings on behalf of Arizonans when it comes to their water, electricity, telephone, and natural gas resources as well as the regulation of securities, pipeline, and railroad safety.
This same reasoning applies with respect to Arizona's place of business requirement, because your business address must also be shown in the public records. The failure to maintain a statutory agent or registered place of business is grounds for administrative dissolution by the state.
The Arizona Corporation Commission's mission is to ensure safe, reliable, and affordable utility services; have railroad and pipeline systems that are operated and maintained in a safe manner; grow Arizona's economy as we help local entrepreneurs achieve their dream of starting a business; modernize an efficient, ...
If you want to file an annual report, please log into or create an eCorp account and file online. All documents must be submitted with a Cover Sheet. The Cover Sheet is a Miscellaneous form. All forms are in PDF format and are fillable (you can type in them).
By Email. You may email your completed form and supporting documents to the Securities Division. By Facsimile. You may fax your completed complaint form and supporting documents to the Securities Division at 602-714-8120.
