Michigan Certificate of Dissolution For Use By Domestic Corps is a document issued by the state of Michigan when a corporation (or domestic corp) wishes to dissolve. It is an official certificate that must be filed with the Michigan Department of Licensing and Regulatory Affairs, which will then issue a Certificate of Dissolution. The Certificate of Dissolution officially terminates the corporation’s existence and outlines the required steps for winding up the corporation's affairs. There are two types of Michigan Certificate of Dissolution For Use By Domestic Corps: Short Form and Long Form. The Short Form is used for corporations that have less than $50,000 in assets and liabilities, while the Long Form is used for corporations with more than $50,000 in assets and liabilities. Both forms require the completion of several sections, such as the names of the corporation’s owners, the dissolution date, and the purpose of the dissolution. Additionally, both forms require the signatures of all the corporation’s owners.
Michigan Certificate of Dissolution For Use By Domestic Corps
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How to fill out Michigan Certificate Of Dissolution For Use By Domestic Corps?
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FAQ
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.
There is a $10 filing fee for dissolving an LLC in Michigan. After the Articles of Dissolution are filed, the Department of Licensing and Regulatory Affairs, Corporations Division will send you a Certificate of Dissolution, which confirms that your LLC has been dissolved.
The dissolution of a corporation by action of the board or shareholders requires the filing of a Certificate of Dissolution. A tax clearance must be requested from the Michigan Department of Treasury within 60 days of the filing the dissolution.
Michigan corporations that have commenced business: To dissolve your Michigan corporation that has commenced business, file Form 531, Certificate of Dissolution with the Michigan Department of Licensing and Regulatory Affairs (LARA).
7 Steps to Dissolve Your Business in Michigan Review Written Agreements.Consult a Partnership Attorney.Discuss Dissolution with Your Partners.Negotiate a Separation Agreement.Address Unresolved Matters in Court.Wind Up the Partnership.Notify Everyone.
The dissolution of a corporation by action of the board or shareholders requires the filing of a Certificate of Dissolution. A tax clearance must be requested from the Michigan Department of Treasury within 60 days of the filing the dissolution.
To dissolve your LLC in Michigan, submit a completed Michigan Certificate of Dissolution form to the Department Licensing and Regulatory Affairs (LARA) by mail or in person. The form cannot be filed online. Use of LARA forms is optional.