Maine Articles of Dissolution are documents filed with the Maine Secretary of State to legally dissolve a Maine corporation or LLC. These documents provide official notice that the corporation or LLC is ending its business activities. Maine Articles of Dissolution are also known as Certificate of Dissolution or Certificate of Cancellation. There are two types of Maine Articles of Dissolution, one for corporations and one for limited liability companies (LCS). The Articles of Dissolution for corporations must include the corporation name, date of incorporation, the purpose of the dissolution, and the name and address of the person authorized to wind up the affairs of the corporation. The Articles of Dissolution for LCS must include the LLC's name, date of formation, the purpose of the dissolution, and the name and address of the person authorized to wind up the affairs of the LLC. In addition, both types of Articles of Dissolution must be signed by a majority of the board of directors or the managers of the LLC.
Maine Articles of Dissolution
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How to fill out Maine Articles Of Dissolution?
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FAQ
In Maine, an 'administratively dissolved' corporation has lost its legal status due to failure to comply with state requirements, such as not filing necessary documents or paying fees. When a business is administratively dissolved, it cannot engage in business activities legally until it resolves the issues and completes the Maine Articles of Dissolution process. This designation serves as a warning to business owners. It highlights the importance of maintaining active status to avoid administrative complications.
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.
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.
A letter of dissolution is an official notification of the end of a business relationship with a partner, client, vendor, or another party.
What does dissolving a company mean? To dissolve a company, also known as 'striking off', essentially means removing the name of the business from the official register at Companies House. After dissolution, the company ceases to legally exist.
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.
Dissolution can occur for various reasons. This could be bankruptcy, failure to file required documents or a decision by the owners to close the business. Once a company is dissolved, it no longer exists as a legal entity and cannot conduct business or enter into contracts.
Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.