Missouri Articles of Dissolution By Voluntary Action is a document that is filed with the Missouri Secretary of State's office to officially dissolve a corporation. This document officially and legally dissolves the corporation and brings it to an end. It is filed by the corporation's board of directors when the board has decided to voluntarily dissolve the corporation. There are two types of Missouri Articles of Dissolution By Voluntary Action: a standard dissolution and a dissolution with an assets' sale. A standard dissolution is used when the corporation is simply being dissolved with no assets being sold. A dissolution with an assets' sale is used when the corporation is selling its assets prior to dissolution.
Missouri Articles of Dissolution By Voluntary Action
State:
Missouri
Control #:
MO-SKU-2010
Format:
PDF
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Articles of Dissolution By Voluntary Action
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FAQ
To dissolve a corporation in Missouri, a $25 filing fee is required for the Resolution to Dissolve Affidavit. To file your Request for Termination form, an additional fee of $25 is required, (along with your Certificate of Tax Clearance from the Missouri Department of Revenue.)
Corporations can be dissolved via a vote of the shareholders, partners in a partnership can elect to dissolve the businesses, and (depending upon the language in the articles of organization and operating agreement) LLCs can be dissolved by a vote of the LLC members.
Voluntary and Involuntary Dissolution Voluntary dissolutions are generally situations where the entrepreneur decides to close the business on their own . The business, however, tends to be in good standing for a voluntary dissolution.
Voluntary Dissolution Law and Legal Definition When a corporation's board of directors or an LLC's members decide to dissolve a corporation without any mandate, it is called voluntary dissolution. The stockholders must vote in favor of the dissolution.
The company's ownership or board of directors must initiate the process, but generally the decision must be approved by a vote of those holding either two-thirds of the company's shares (U.S.) or three-fourths of them (United Kingdom). .
Any corporation may be dissolved with the unanimous written consent of the shareholders; this is a voluntary dissolutionDissolution of a corporation by unanimous written consent of its shareholders.. This provision is obviously applicable primarily to closely held corporations.
Types of Liquidation: Member's Voluntary Liquidation (MVL): In a member's voluntary winding up, the company is solvent and able to pay its debts.Creditor's Voluntary Liquidation (CVL): In a creditor's voluntary winding up, the company is insolvent and unable to pay its debts.
By a request of the creditors, or. the company or close corporation may voluntary decide to be liquidated.