A Certificate of Dissolution (Form DISC ST) is a legal document that officially terminates or dissolves a corporation or limited liability company (LLC) operating in the United States. This document is typically filed with the appropriate state government agency responsible for business registrations. The Form DISC ST is often used for dissolving corporations or LCS that have issued stock or membership interests to its shareholders or members. It is important to comply with the specific requirements of the state in which the business was registered for a valid dissolution. A Certificate of Dissolution is crucial as it signifies the final closure of the entity and eliminates any further legal or financial responsibilities and obligations held by the corporation or LLC. It serves as proof that the company has undergone the proper procedures to wind up its affairs in compliance with state laws. While the Certificate of Dissolution (Form DISC ST) is a standard document used in many states, some states may have specific variations or additional forms. Some different types of Certificate of Dissolution forms that exist are as follows: 1. Certificate of Dissolution (Short Form): This is a simplified version of the Certificate of Dissolution, which is applicable in certain states. It may be used for corporations/LCS that meet specific criteria, such as having no liabilities or debts and obtaining unanimous consent from all shareholders/members. 2. Certificate of Dissolution (Long Form): This is a more comprehensive version of the Certificate of Dissolution, often used in states that require a detailed disclosure of the reasons for dissolution, clearance of pending legal matters, or distribution of remaining assets among shareholders/members. 3. Certificate of Dissolution for Nonprofit Corporations: Nonprofit corporations may have their own distinct Certificate of Dissolution form, tailored to meet the requirements set forth by the state for dissolution of nonprofit entities. This form typically requires information related to the organization's charitable activities, final distribution of assets, and compliance with any funding restrictions. It is vital to consult the specific guidelines outlined by the respective state's Secretary of State or analogous agency to ensure accurate completion and filing of the appropriate Certificate of Dissolution (Form DISC ST). Failing to complete this process correctly may result in ongoing legal obligations, penalties, or non-compliance with state regulations. Always seek professional legal advice or guidance from a licensed attorney or business advisor familiar with the dissolution rules in the relevant state to ensure proper fulfillment of all steps involved in dissolving a corporation or LLC.