North Carolina Withdrawal of Assumed Name for Corporation refers to the legal process through which a corporation in North Carolina can officially terminate or withdraw a previously assumed business name. This withdrawal is necessary when a corporation decides to cease doing business under a particular name, either due to rebranding, merger, dissolution, or any other valid reason. Keywords: North Carolina, withdrawal, assumed name, corporation, termination, business name, rebranding, merger, dissolution. Types of North Carolina Withdrawal of Assumed Name for Corporation: 1. Voluntary Withdrawal: A corporation can choose to voluntarily withdraw its assumed name in North Carolina by filing the appropriate form with the North Carolina Secretary of State's office. This process ensures that the corporation is no longer legally obligated to operate under the assumed name. 2. Merger Withdrawal: When a corporation merges with another entity and decides to discontinue using an assumed name, it must file a withdrawal of assumed name to terminate the use of that name in North Carolina. This is often accompanied by a name change or a new assumed name for the merged entity. 3. Dissolution Withdrawal: If a corporation decides to dissolve, cease its operations, or wind up its business affairs, it must file a withdrawal of assumed name to formally terminate the use of the assumed name in North Carolina. This is a crucial step to ensure the corporation's name is no longer associated with any ongoing business activities. 4. Rebranding Withdrawal: In case a corporation decides to undergo a comprehensive rebranding strategy which includes changing its assumed name, it must file a withdrawal of assumed name with the North Carolina Secretary of State's office. This allows the corporation to discontinue using the previous name and operate solely under the new name. 5. Administrative Withdrawal: If a corporation fails to comply with certain statutory requirements or maintain its corporate status in North Carolina, the Secretary of State has the authority to administratively withdraw the assumed name of the corporation. This type of withdrawal is involuntary and occurs as a result of non-compliance by the corporation. Following the appropriate withdrawal process for the North Carolina Withdrawal of Assumed Name for Corporation is crucial to ensure legal compliance, avoid potential liabilities, and maintain transparency in business operations. It is advisable for corporations to consult with legal professionals or the North Carolina Secretary of State's office for specific guidance regarding their circumstances.
North Carolina Withdrawal of Assumed Name for Corporation
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How to fill out North Carolina Withdrawal Of Assumed Name For Corporation?
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To dissolve a business, whether a corporation or LLC, you file Articles of Dissolution in North Carolina with the Secretary of State. However, the State provides a separate document for each. You can file your North Carolina voluntary dissolution documents by mail or online.
There's a $30 filing fee to dissolve your North Carolina LLC. This fee is for the standard service whereby the application is processed within 3-5 business days. You can opt for same-day expedited service as well which is going to cost $200 or opt for the 24-hour expedited service for an extra charge of $100.
To do so, you can file an Application for a Certificate of Withdrawal. This how-to guide will walk you through withdrawing a foreign stock or nonstock corporation online in the new Clerk's Information System (CIS) . Log on to CIS at .
If you want to close a North Carolina business, you do so by voluntarily filing Articles of Dissolution for the entity type (Business Corporation, Nonprofit Corporation, Limited Liability Company (LLC)).
To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail. The member in question of removal may need to get compensated for his share of membership interests.
To dissolve a North Carolina corporation, you just need to file form B-06, Articles of Dissolution by Board of Directors and Shareholders, Business Corporation with the North Carolina Secretary of State, Corporations Division (SOS).
Submit the Articles of Dissolution and the Coversheet to the SOS online, by mail, or in person and include payment. The North Carolina SOS accepts cash, certified checks, money orders, business or personal checks (with address and telephone number). Checks, etc., should be payable to North Carolina Secretary of State.
To effectively dissolve a corporation under North Carolina law, a corporation must file Articles of Dissolution with the North Carolina Secretary of State.
