Louisiana Dissolution Package to Dissolve Corporation
About this form
The Louisiana Dissolution Package to Dissolve Corporation is a comprehensive set of legal forms designed to facilitate the process of dissolving a corporation in Louisiana. This package allows corporations that are no longer doing business and have no outstanding debts to dissolve easily by filing an affidavit with the Secretary of State. Unlike other dissolution methods, this process by affidavit keeps shareholders personally liable for any remaining corporation debts after dissolution.
Key parts of this document
- Affidavit to Dissolve Corporation: A form to confirm the absence of business activities and outstanding debts.
- Transmittal Letter: A cover letter to accompany the Affidavit when submitted.
- Resolution of Shareholders/Incorporators: A record of the decision to dissolve the corporation.
- Notice of Special Meeting: A notice template for convening a meeting to discuss dissolution.
- Written Consent: A form for shareholder agreement on dissolution.
Situations where this form applies
This dissolution package should be used when a corporation in Louisiana is no longer conducting business and has no liabilities to pay off. When a majority of the shareholders agree on dissolving the corporation, the affidavit can be filed to initiate the dissolution process. It is particularly useful in scenarios where a corporation is inactive and needs to formalize its closure without incurring additional costs or complications.
Intended users of this form
- Corporation owners seeking to dissolve their business legally.
- Shareholders looking to confirm a collective decision to cease operations.
- Incorporators of a corporation that has not issued shares and has no debts.
- Business entities requiring a straightforward dissolution process.
How to prepare this document
- Determine if the corporation has no outstanding debts or has issued shares.
- Complete the Affidavit to Dissolve Corporation, ensuring all required fields are filled out clearly.
- Obtain signatures from shareholders or incorporators and have the form notarized.
- Prepare a transmittal letter to accompany the Affidavit when submitting.
- File the original Affidavit and two copies along with the filing fee to the Secretary of State.
Notarization requirements for this form
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
Mistakes to watch out for
- Failing to have the affidavit properly notarized before submission.
- Not including a transmittal letter with the Affidavit.
- Submitting incomplete information on the Affidavit or transmittal letter.
- Overlooking local filing requirements specific to the registered office's location.
Benefits of using this form online
- Convenience of downloading and printing the necessary forms at your own pace.
- Access to expert-drafted templates, minimizing legal risks associated with errors.
- Option to prepare documents online, facilitating easy edits and updates.
- Streamlined process to fulfill legal obligations without excessive costs.
Form popularity
FAQ
1Step 1: Corporation or LLC action.2Step 2: Filing the Certificate of Dissolution with the state.3Step 3: Filing federal, state, and local tax forms.4Step 4: Notifying creditors your business is ending.5Step 5: Settling creditors' claims.Business Dissolution - How to End Your Business BizFilings\nwww.bizfilings.com > toolkit > research-topics > how-to-end-your-business...
