Maine Articles of Dissolution, also known as a Certificate of Dissolution, is a document filed with the Maine Secretary of State when a business entity in the state decides to end its operations and dissolve. The document is required by the Maine Corporations Code and outlines the dissolution of the business entity, including its name, date of formation, and date of dissolution. There are two types of Maine Articles of Dissolution: (1) Voluntary Dissolution, which is filed when the business entity has decided to dissolve on its own; and (2) Administrative Dissolution, which is filed when the business entity is dissolved due to failure to comply with state laws and regulations. Both types of Maine Article of Dissolution must be signed by the company's officers or members and must be accompanied by a filing fee.
Maine Articles of Dissolution
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How to fill out Maine Articles Of Dissolution?
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FAQ
Dissolution is a process to bring about the end of an unwanted company. When a company has been dissolved, it will cease to exist as a legal entity. All trade will stop, the company's name will be removed from the Companies House register, and it will have no further filing requirements.
In most cases of dissolution, a company's remaining assets are distributed to its shareholders or members after they have paid off outstanding debts from the proceeds of liquidation. The business may be wound up by a court-appointed receiver or trustee until all issues involving claims against it have been resolved.
Dissolution is a legal process that terminates a business entity's existence. If a corporation or LLC is not properly dissolved, it continues to exist as a legal entity under state law. This means that it still faces corporate or LLC filing requirements, such as annual reports and franchise taxes.
What is a business dissolution? A business dissolution is a formal closure of a business with the state. A small business cannot hang up a ?closed? or ?out of business? sign outside their storefront, turn off the lights, and lock their doors to be considered a dissolved business.
Online: Go to their website under online services and follow the instructions provided on the interactive corporate services page to search and print a certified copy. A list of all filings for the Maine Corporation is provided. If the document is older it may not be available for online printing.
If the strike off process has not been voluntary, once a winding-up order is made the Official Receiver or a nominated liquidator will be appointed, the company will cease trading and its assets will be sold so that creditors (those who are owed money by the company) can be paid.
Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.
A letter of dissolution is an official notification of the end of a business relationship with a partner, client, vendor, or another party.
To dissolve/cancel your LLC in Maine, submit form MLLC-11C, Certificate of Cancellation, including the completed Filer Contact Cover Letter, to the Maine Secretary of State, Bureau of Corporations, Elections, and Commissions (SOS). The Certificate of Cancellation form is available on the Maine SOS website.