Connecticut Declaration of Dissolution of Unit

State:
Multi-State
Control #:
US-OG-373
Format:
Word; 
Rich Text
Instant download

Description

This declaration form is used for the purpose of providing notice that the purpose for which the Unit was formed no longer exists and the Unit is deemed to be dissolved and the Designation of Unit no longer in effect.

How to fill out Declaration Of Dissolution Of Unit?

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FAQ

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.

File Certificate of Dissolution To ensure your Connecticut LLC is properly closed, you must file a Certificate of Dissolution with the Secretary of State. 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 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.

Locate the Taxpayer Updates group and click the Close Accounts hyperlink. Enter the date of closure for each account you wish to close. Important: All returns must be filed up to the closing date.

As required by law, a nonprofit organization that is ceasing existence is required to transfer all remaining assets to another tax-exempt organization or to the government. It is unlawful to give any property away to individuals - including board members, volunteers, staff, or beneficiaries.

The board must vote on and adopt a plan to dissolve. The organization's bylaws and articles of incorporation govern the voting process and adoption of the plan. membership for a vote. A vote of two-thirds in favor of dissolution is needed to continue the process.

The ?dissolution? clause in a nonprofit organization's Articles of Incorporation is one of the key provisions required to qualify for 501(c)(3) status. This language must require that the organization's assets remain dedicated to 501(c)(3) exempt purposes in the event it dissolves.

Here are the main areas to properly address. Debt payments. Be sure to handle all your debts to lenders and creditors. ... Notify the IRS. Handle your tax liabilities for the current year. ... Cancel your business licenses. Be sure to cancel all your business licenses and registrations with DCP in Connecticut. ... Collect amounts owed.

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Connecticut Declaration of Dissolution of Unit