Hawaii Sample Letter for Certificate of Administrative Dissolution - Revocation

State:
Multi-State
Control #:
US-0080LTR
Format:
Word; 
Rich Text
Instant download

Description

Sample Letter for Certificate of Administrative Dissolution - Revocation

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FAQ

People who continue to operate a business that has been dissolved, are taking a serious risk. That's because once the company dissolves, the corporate protections no longer exist. That means that someone who operates the dissolved business, can be sued personally for anything the (dissolved) company does.

Voluntary Administrative Dissolution A corporation or LLC that did business in California but that has ceased to do business and has filed all required California income tax returns for the tax years in which it did business.

If the Corporation or LLC fails to remedy the deficiencies within the specified time period then the state will Administratively Dissolve the business. When a company has been Administratively Dissolved by the state that company cannot legally conduct business and may be breaking the law if it does conduct business.

Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.

After dissolution, a corporation is generally expected to pay all its existing debts and then liquidate its remaining assets to its shareholders. This sometimes becomes difficult, however, where there are unknown claims that may exist against the corporation.

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Hawaii Sample Letter for Certificate of Administrative Dissolution - Revocation