Maine Dissolving a Law Firm

State:
Multi-State
Control #:
US-L07054
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This Plan of Dissolution of a Law Firm covers covers all necessary topics for the dissolution of the firm. Included are: Plan of dissolution, liquidation objectives, surrender of leasehold estates, estimated balance sheet items, termination of personnel, accounts receivable billing and collecting, cash management, professional liability, and indemnity issues.

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FAQ

How long does it take the state to process the filing? If you mail the LLC Certificate of Cancellation, it will be processed in 3-5 business days. If you walk-in the certificate, it will be processed in 1-2 business days.

In order to revoke a Power of Attorney, you simply write or type a statement which includes the following: Name and date; You wish to revoke the Power of Attorney; Specify the date the original Power of Attorney was signed; Specify the person or persons named as your agent(s); and, Your signature.

Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.

Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority.

Filing accounts and a company tax return with HMRC. You must state that these are the final accounts due to the planned dissolution of the company. Asking HMRC to close down the company's payroll scheme and deregister for VAT. Confirm that the company can, or has, paid any outstanding debts.

In both voluntary and involuntary dissolution, a company must follow formal steps of asset liquidation, settling debts, and paying shareholders. Voluntary dissolution requires permission from a company's board and shareholders, while the government orders involuntary dissolution.

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).

If the Corporation or LLC fails to remedy the deficiencies within the specified time period then the state will Administratively Dissolve the business. When a company has been Administratively Dissolved by the state that company cannot legally conduct business and may be breaking the law if it does conduct business.

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Maine Dissolving a Law Firm