Maine Statement of Intent To Dissolve By Vote of Members Or Directors is a document that is filed with the Secretary of State of Maine when a corporation or limited liability company (LLC) has been voted to dissolve by the members or directors of the corporation or LLC. The statement includes the name of the entity, the name and address of the registered agent, and the date of the vote to dissolve. It must be signed and dated by at least two members or directors of the company, and must be accompanied by a copy of the vote to dissolve. There are two types of Maine Statement of Intent To Dissolve By Vote of Members Or Directors: one for Corporations, and one for LCS. Each form must be signed and dated by at least two members or directors of the respective company. The statement must be accompanied by a copy of the vote to dissolve.
Maine Statement of Intent To Dissolve By Vote of Members Or Directors
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FAQ
The dissolution is initiated by a resolution by the board of directors who submit it at a meeting of the shareholders. The shareholders each vote and if the resolution is approved, the directors have the authorization to proceed with the dissolution process.
The formal method involves a series of steps, including a Board decision, filing two specific forms with the Maine Secretary of State (the Statement of Intent to Dissolve and the Articles of Dissolution), and filing a final IRS Form 990.
If you would like to dissolve a Maine Corporation, file a signed, original form MBCA-11, Articles of Dissolution with the Maine Secretary of State, Bureau of Corporations, Elections, and Commissions (SOS). Maine SOS forms are fillable so you can just enter your information, print, and mail them to the SOS.
In some cases, a conflict of interest or unethical behavior may be grounds to remove an individual from the board. In other cases, the behavior of a board member may become so obstructive that the board is prevented from functioning effectively.
The shareholders can vote to remove directors from the board before their terms expire, with or without cause, unless the corporation has a staggered board. The shareholders can then vote to replace the directors they removed.
When an organization or institution is dissolved, it is officially ended or broken up. The committee has been dissolved.
How to dissolve a business in 7 steps Step 1: Get approval of the owners of the corporation or LLC.Step 2: File the Certificate of Dissolution with the state.Step 3: File federal, state, and local tax forms.Step 4: Wind up affairs.Step 5: Notify creditors your business is closing.Step 6: Settle creditors' claims.