Mississippi Sample Letter for Dissolution of Corporation
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How to fill out Sample Letter For Dissolution Of Corporation?
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FAQ
After your corporation authorizes dissolution, you can dissolve your Mississippi corporation by filing the articles of dissolution with the Mississippi Secretary of State (SOS). The Mississippi Secretary of State has made filings faster and easier by doing everything online.
The key benefit to corporate dissolution is that it cuts off any claims against your corporation that are not made before its formal dissolution date, as well as ending any chance of the corporation incurring any sort of financial or legal liability.
The Certificate of Intent to Dissolve gives notice to creditors and the public that the corporation is no longer carrying on business.
When a corporation dissolves, it generally must stop conducting all business, and liquidate its assets to pay off creditors and shareholders. When a corporation's assets are liquidated they first must be used to pay off any outstanding debts the corporation owes, including those owed to shareholders.
Although the content will vary, certain elements should be included in every letter of dissolution. These include: The name of the recipient and the name of the person sending the letter. The purpose of the letter, including the relationship to be terminated and the date of termination, stated in the first paragraph.
Foreign qualification is the act of registering a business formed in another state so that it may operate within Mississippi. This is required if you have any kind of physical presence within the state including a warehouse, a storefront, or even business representatives.
Simply put, a dissolved company is a business entity that is no longer registered with Companies House. Dissolution can occur for various reasons. This could be bankruptcy, failure to file required documents or a decision by the owners to close the business.
A document informing the secretary of state that your corporation will be dissolving.
