Nebraska Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation
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How to fill out Sample Letter Regarding Notification Of Official Notice Of Intent To Administratively Dissolve Or Revoke Corporation?
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Less... Hold a Board of Directors meeting and record a resolution to Dissolve the Nebraska Corporation. ... Hold a Shareholder meeting to approve Dissolution of the Nebraska Corporation. ... File all required Biennial Reports with the Nebraska Secretary of State. ... Clear up any business debts.
Nebraska requires domestic corporations to publish notice of dissolution. The notice must include: the terms and conditions of dissolution, the names of the persons who are to wind up and liquidate its business and affairs and their official titles, and a statement of assets and liabilities of the corporation.
Nebraska law provides that an entity that is administratively dissolved continues its existence but may not carry on any business, except business necessary to wind up and liquidate its business and affairs. Further, the entity may lose its limited liability status and name.
After dissolution, a corporation is generally expected to pay all its existing debts and then liquidate its remaining assets to its shareholders. This sometimes becomes difficult, however, where there are unknown claims that may exist against the corporation.
The articles of dissolution must contain: the name of your nonprofit. the date dissolution was authorized. a statement that dissolution was approved by a sufficient vote of the board. if approval of members was not required, a statement to that effect.
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.
To reinstate your domestic corporation, please contact our office at sos.corp@nebraska.gov to receive the reinstatement application, report and fee worksheet. Submit the application and report by filing either in-person or by mail. Online filing is not available.
