Connecticut Withdrawal of Assumed Name for Corporation is an important process for corporations registered in Connecticut that wish to remove or withdraw their assumed name. When a corporation operates under an assumed name, it means it conducts business using a name other than its legal entity name. This withdrawal process is necessary for corporations that no longer want to operate under their assumed name or have decided to dissolve their operations in Connecticut. To begin the Connecticut Withdrawal of Assumed Name for Corporation, it is crucial to understand the distinct types of withdrawals available. The two main types are voluntary and involuntary withdrawals. 1. Voluntary Withdrawal: A voluntary withdrawal occurs when a corporation made the decision to withdraw its assumed name willingly. This type of withdrawal usually happens when a corporation is changing its business strategy, merging with another entity, or simply no longer wishes to operate under the assumed name. 2. Involuntary Withdrawal: In contrast, an involuntary withdrawal is enforced upon a corporation by the state due to failure to comply with specific regulations. Reasons for involuntary withdrawal can include the corporation's failure to file required paperwork, non-payment of fees, or violating certain laws or regulations. The process of Connecticut Withdrawal of Assumed Name for Corporation involves several steps. First, the corporation must gather all the necessary documentation, including its original certificate of assumed name registration, any amendments made to it, and any applicable state forms. Next, the corporation needs to complete and file the appropriate form for withdrawal with the Connecticut Secretary of the State. This form may vary depending on whether it is a voluntary or involuntary withdrawal. Additionally, corporations must ensure that any outstanding fees or taxes owed to the state are paid before the withdrawal can be approved. Therefore, it is crucial to conduct a thorough review of the corporation's financial records to determine if there are any outstanding obligations. After completing and submitting all the required documents and forms, the corporation will need to wait for approval from the Connecticut Secretary of the State. Once the withdrawal has been processed and approved, the assumed name will be officially withdrawn, and the corporation will be free to operate solely under its legal entity name. In conclusion, the Connecticut Withdrawal of Assumed Name for Corporation is a significant legal process that allows corporations to discontinue their use of an assumed name. By following the appropriate steps and procedures outlined by the Connecticut Secretary of the State, corporations can ensure a smooth and compliant withdrawal process.
Connecticut Withdrawal of Assumed Name for Corporation
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Although the content will vary, certain elements should be included in every letter of dissolution. These include: The name of the recipient and the name of the person sending the letter. The purpose of the letter, including the relationship to be terminated and the date of termination, stated in the first paragraph.
A certificate of dissolution form (Form CDRS-1) is available for download from the SOTS website. There is a $50 fee to file the certificate. You can file by mail, fax, or in person.
To dissolve a Connecticut corporation, you just need to file a Certificate of Dissolution with the Connecticut Secretary of the State, Commercial Recording Division (SOTS). Connecticut has forms available for use but you can draft your own articles of dissolution as long as they contain the required information.
Steps to dissolving a corporation or obtaining a corporate dissolution Call a board meeting. ... File a certificate of dissolution with the Secretary of State. ... Notify the Internal Revenue Service (IRS) ... Close accounts and credit lines, cancel licenses, etc.
There is no charge to file a dissolution. Please follow these steps to file: Once you have successfully filed the dissolution your business will be dissolved.
File Certificate of Dissolution You may file for dissolution online, or you can mail the completed Certificate of Dissolution form to the Office of the Secretary of State in Hartford, Connecticut.
A foreign corporation authorized to transact business in Connecticut may withdraw its Certificate of Authority by filing an Application for Certificate of Withdrawal.
Under Connecticut law, anyone who does business under an assumed name (DBA) must file a Trade Name Certificate in the town clerk's office in the town where their business is being conducted.
