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Plan of Liquidation and Dissolution of a Corporation

Colorado Plan of Liquidation and Dissolution of a Corporation

Category:

Corporations - Public - Liquidation and Dissolution

State:

Multi-State

Control #:

US-0076BG

Format:

Instant download

Description

Dissolution is the act of bringing to an end. It is the act of rendering a legal proceeding null, or changing its character. Under corporate law, it is the last stage of liquidation. Dissolution is the process by which a company is brought to an end.

Liquidation is the selling of the assets of a business, paying bills and dividing the remainder among shareholders, partners or other investors. A business need not be insolvent to liquidate. Upon liquidation of certain business, such as a bank, a bond may be required to be posted to assure the proper distribution of assets to creditors.

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FAQ

A dissolution/withdrawal must be filed electronically through our website. On the ?Summary? page of the entity, scroll down and select File a form. Once the form is ready for filing, the system will proceed to the first of three payment pages. Your filing is complete once you see a Confirmation page.

Although dissolution and liquidation are both methods of closing a business, they are two very different processes. Dissolution, or the process of dissolving a company, will occur after a liquidation as the business must be struck off the Companies House register.

Colorado Corporation Annual Report Requirements: Agency:Colorado Secretary of StateInstructions:Instructions for completing a Periodic ReportFiling Method:OnlineAgency Fee:$106 more rows

A dissolution/withdrawal must be filed electronically through our website. On the ?Summary? page of the entity, scroll down and select File a form. Once the form is ready for filing, the system will proceed to the first of three payment pages. Your filing is complete once you see a Confirmation page.

A plan of dissolution is a written description of how an entity intends to dissolve, or officially and formally close the business. A plan of dissolution will include a description of how any remaining assets and liabilities will be distributed.

Is there a filing fee to dissolve or cancel a Colorado Corporation? To dissolve a corporation or LLC in Colorado requires a $25 filing fee.

Colorado LLC Annual Report Fee ($10/year) You simply confirm the information on your Periodic Report, file it with the Colorado Secretary of State, and pay the Periodic Report filing fee. The Colorado LLC Periodic Report costs $10 per year. These filing fees are paid every year for the life of your LLC.

If you are rushing to dissolve your firm, you should tell the Secretary of State. They may expedite the process for you. The filing fee for dissolving an LLC in Colorado is $25.

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