A Hawaii Withdrawal of Assumed Name for Corporation refers to the legal process through which a corporation in Hawaii formally cancels or withdraws its assumed name or DBA (Doing Business As). When a corporation wishes to cease operating under a particular name, it must file a withdrawal to formally remove that assumed name from its record. The withdrawal process requires the corporation to follow specific steps outlined by the state of Hawaii. It is important to note that the withdrawal of an assumed name does not dissolve the corporation itself; it solely pertains to the withdrawal of a specific name under which the corporation has been operating. The corporation will continue to exist and operate under its actual legal name. There are different types of Hawaii Withdrawal of Assumed Name for Corporation that may be applicable depending on the circumstances: 1. Voluntary Withdrawal: This type of withdrawal occurs when a corporation proactively decides to cease using an assumed name. It typically involves filing the necessary paperwork with the Hawaii Department of Commerce and Consumer Affairs (CCA) and paying any associated fees. 2. Involuntary Withdrawal: In certain cases, the state of Hawaii may require a corporation to withdraw its assumed name if it is found to be in violation of any laws or regulations. This can occur, for example, if the corporation is using a name that is misleading or confusing to the public. To initiate a Hawaii Withdrawal of Assumed Name for Corporation, the corporation must complete and submit the necessary forms provided by the CCA. The specific forms may vary depending on the type of withdrawal and can typically be found on the CCA's official website or obtained directly from their office. The required information for filing a withdrawal generally includes the corporation's legal name, its identification number or entity number, the assumed name being withdrawn, the reason for withdrawal, and the signature of an authorized representative. Additionally, any outstanding fees or taxes owed by the corporation must be settled before the withdrawal can be approved. Once the withdrawal documents are completed, they must be submitted to the CCA along with the appropriate filing fees. The CCA will review the application, and if all requirements are met, the withdrawal will be processed, and the assumed name will be officially withdrawn. It is important for corporations in Hawaii to follow the proper withdrawal process to ensure compliance with state regulations and avoid any potential legal issues. Seeking guidance from a legal professional or consulting the CCA directly can provide further assistance and clarification for a smooth withdrawal process.
Hawaii Withdrawal of Assumed Name for Corporation
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In Hawaii, there is no requirement that a business register a DBA in order to use an alternative name in commerce. However, despite the fact that a DBA is not mandatory, it can be helpful in many regards. Some advantages are: A registered DBA prevents others from legally using the name. File a DBA in Hawaii | .com ? articles ? file-a-dba-in-haw... .com ? articles ? file-a-dba-in-haw...
When a company is dissolved, its directors are released from their duties and responsibilities related to that specific company. As long as the individual has not been disqualified from acting as a director or found guilty of unfit conduct, they are free to take up directorship positions in other companies.
After dissolution, the company ceases to legally exist. The dissolving of a company is often a voluntary process; however Companies House can dissolve companies that have not kept up with their accounting responsibilities such as filing accounts and tax returns.
To dissolve your Hawaii Corporation, file Form DC-13, Hawaii Articles of Dissolution with the Hawaii Department of Commerce and Consumer Affairs, Business Registration Division (BREG) by mail, fax, or in person. The articles of dissolution cannot be filed online. Free guide to dissolve a Hawaii Corporation northwestregisteredagent.com ? corporation northwestregisteredagent.com ? corporation
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. Dissolution of a North Carolina Corporation jahlaw.com ? dissolution-of-a-north-carolina... jahlaw.com ? dissolution-of-a-north-carolina...
After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you can't liquidate assets that are used as collateral for loans.
(a) A corporation which is dissolved nevertheless continues to exist for the purpose of winding up its affairs, prosecuting and defending actions by or against it, and enabling it to collect and discharge obligations, dispose of and convey its property and collect, and divide its assets, but not for the purpose of ...
If I decide to stop operating my business, do I need to cancel my license? Yes. Cancel your license by signing into Hawaii Tax Online or cancel your license(s) by submitting a Form GEW-TA-RV-1. Licensing Information - Hawaii Department of Taxation hawaii.gov ? geninfo ? licensing hawaii.gov ? geninfo ? licensing
