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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. Reinstatement is the action taken that restores an administratively dissolved business entity's rights, powers, and authority.
Generally, it is recommended that business owners get legal assistance to file the necessary documents with the proper state agencies. Call a board meeting. ... File a certificate of dissolution with the Secretary of State. ... Notify the Internal Revenue Service (IRS) ... Close accounts and credit lines, cancel licenses, etc.
The state of Maine charges a $175 filing fee for the Certificate of Organization, with a standard filing time of about 14 days.
The process to dissolve your corporation in California is relatively straightforward. However, if you qualify for one of the special dissolution procedures, you might need additional help navigating the process.
If a Maine LLC is administratively dissolved, it has to file all the annual reports and fees it missed before it can reinstate. The annual report fee for domestic LLCs is $85. There is also a $150 reinstatement penalty fee assessed for each year the LLC failed to file an annual report.
First, you need to be sure to include the legal name of your company. Second, your articles of dissolution should state the date when your company will be dissolved. Finally, there should be a statement that your corporation's board of directors or your LLC's members approved the dissolution.
File articles of dissolution with Secretary of State. At any time after dissolution is authorized, a corporation may dissolve by delivering to the Secretary of State for filing articles of dissolution setting forth: A. The name of the corporation; [PL 2001, c.