Delaware Withdrawal of Assumed Name for Corporation A Delaware Withdrawal of Assumed Name for Corporation is a legal process that allows a corporation registered in Delaware to officially withdraw or discontinue using a previously assumed business name. This formal procedure ensures that the corporation is no longer associated with the assumed name and avoids any confusion or legal implications. In Delaware, corporations can choose to operate under an assumed name, also known as Ada ("Doing Business As"), trade name, or fictitious name. These names are different from the legal name of a corporation and often used for branding or marketing purposes. However, there may be situations where a corporation decides to cease using their assumed name for various reasons, such as rebranding, restructuring, or termination of a specific business line. The Delaware Withdrawal of Assumed Name for Corporation is typically filed with the Delaware Division of Corporations, specifically the Corporations Franchise Tax Section. It involves submitting a formal request, providing relevant information, and paying the required fees. The withdrawal process ensures that the corporation's legal identity is not affected and that it retains all rights and privileges associated with its original name. It is important to note that there are two types of Delaware Withdrawal of Assumed Name for Corporation: 1. Voluntary Withdrawal: This type of withdrawal occurs when a corporation voluntarily decides to discontinue using an assumed name. It is usually initiated by the company itself, following proper internal procedures and obtaining the necessary authorization from the board of directors or shareholders. By filing a Voluntary Withdrawal, the corporation informs the Delaware Division of Corporations about their intention to stop using the assumed name and reverts to its original legal name or adopts a new name, if applicable. 2. Involuntary Withdrawal: In some cases, the Delaware Division of Corporations may initiate an Involuntary Withdrawal of an assumed name for a corporation if it determines that the name violates state laws, is misleading, or fraudulent. This type of withdrawal is typically a result of non-compliance with Delaware's legal requirements, such as failure to file necessary documents or maintain active status. When an Involuntary Withdrawal is initiated, the corporation is notified by the Division of Corporations and given a specific timeframe to rectify the issues or provide a valid defense. Failure to comply may lead to further legal consequences or dissolution of the corporation. In conclusion, a Delaware Withdrawal of Assumed Name for Corporation allows corporations registered in Delaware to formally discontinue using an assumed business name through a voluntary or involuntary process. This legal procedure ensures clarity and transparency, protects the corporation's identity, and avoids potential legal complications. It is crucial for corporations to adhere to the proper filing requirements and maintain compliance with Delaware's regulations regarding assumed names.
Delaware Withdrawal of Assumed Name for Corporation
Description
How to fill out Delaware Withdrawal Of Assumed Name For Corporation?
You are able to invest hrs on the Internet looking for the lawful document web template that meets the federal and state specifications you will need. US Legal Forms provides a huge number of lawful forms that happen to be evaluated by pros. You can actually obtain or print out the Delaware Withdrawal of Assumed Name for Corporation from the service.
If you already have a US Legal Forms profile, you are able to log in and click on the Down load key. Following that, you are able to comprehensive, revise, print out, or sign the Delaware Withdrawal of Assumed Name for Corporation. Each lawful document web template you get is the one you have forever. To have one more duplicate associated with a acquired kind, check out the My Forms tab and click on the corresponding key.
If you are using the US Legal Forms website the very first time, adhere to the simple guidelines beneath:
- Initially, ensure that you have chosen the proper document web template for that region/metropolis of your choosing. See the kind explanation to ensure you have selected the appropriate kind. If accessible, take advantage of the Preview key to search from the document web template also.
- In order to get one more model in the kind, take advantage of the Look for discipline to discover the web template that suits you and specifications.
- When you have found the web template you need, simply click Buy now to move forward.
- Select the prices prepare you need, enter your qualifications, and sign up for your account on US Legal Forms.
- Total the financial transaction. You may use your Visa or Mastercard or PayPal profile to purchase the lawful kind.
- Select the formatting in the document and obtain it in your system.
- Make alterations in your document if required. You are able to comprehensive, revise and sign and print out Delaware Withdrawal of Assumed Name for Corporation.
Down load and print out a huge number of document templates using the US Legal Forms web site, that offers the most important collection of lawful forms. Use skilled and state-particular templates to take on your company or specific demands.
Form popularity
FAQ
Upon termination of the use of the registered name you should file a Termination Affidavit Form with each Prothonotary's Office in which you are registered. There is no fee for terminating your registration.
If the corporation conducted any business in Delaware, you will need to notify the Delaware Division of Revenue of its dissolution by: 1) checking the ?Out of Business? box and 2) indicating the last day of business operations on both your final withholding and/or business license gross receipt coupon, as well as your ...
To dissolve your domestic corporation in Delaware, you must provide the completed Certificate of Dissolution form to the Department of State by mail, fax or in person, along with the filing fee.
Authorizing Dissolution With the resolution and plan in hand, Delaware law provides for voluntary dissolution as follows: by action of the governing body followed by a vote of the members. by unanimous consent of the members; or. if your nonprofit doesn't have members, by a vote of the governing body.
Delaware Entity Dissolution Information A limited partnership can file a statement of cancellation with the Delaware Department of State, Division of Corporations. The filing will include a fee of $200. The dissolution of a limited partnership occurs when: The winding up process has been completed.
In Delaware, "dissolution" refers to the process of closing a corporation through the filing of a Certificate of Dissolution. Closing an LLC, on the other hand, requires "canceling" through a Certificate of Cancellation.
How to Dissolve a Corporation in Delaware Step 1: Shareholders Vote to Dissolve the Corporation. ... Step 2: Pay All Taxes and File Annual Franchise Tax Report With Delaware. ... Step 3: File a Certificate of Dissolution With Delaware. ... Step 4: Notify Creditors of Your Corporation's Dissolution.
Is there a filing fee to dissolve or cancel a Delaware Corporation? The ?short? form cost $10. The Certificate of Dissolution carries a $204 filing fee. Contact the Department of State, Franchise Tax Section to find the exact amount of tax owed also at the time of dissolution.
