Connecticut Plan of complete liquidation and dissolution
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FAQ
Dissolution. The first step to closing up shop is receiving shareholder approval to formally close the corporation. The board of directors should adopt a resolution to dissolve the corporation and receive approval for the action.
To dissolve a corporation, California's default rules call for written consent by shareholders holding at least 50% of the voting power?the same minimum requirement if there was a vote at a meeting. However, the corporation's articles can require a higher voting percentage.
Connecticut SOTS does not require original signatures on your articles of dissolution. Submit your documents to SOTS by mail, fax or in person. Connecticut SOTS accepts walked in documents between am and pm, Monday-Friday.
Typical items include: meeting with your LLC members to vote on the dissolution. distributing your LLC assets. assigning a dissolution date. deciding on how to handle business debts. contacting creditors.
A letter of dissolution is an official notification of the end of a business relationship with a partner, client, vendor, or another party.
What typically has to be done. Notifying creditors that the LLC is dissolved. Closing out bank accounts. Canceling business licenses, permits, and assumed names. Paying creditors or establishing reserves to pay them. Paying taxes. Filing final tax returns and reports.
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.
