Oklahoma Dissolution Package to Dissolve Corporation

State:
Oklahoma
Control #:
OK-DP-0001
Format:
Word
Instant download

Description

The dissolution of a corporation package contains all forms to dissolve a corporation in Oklahoma, step by step instructions, addresses, transmittal letters, and other information.
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  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation
  • Preview Oklahoma Dissolution Package to Dissolve Corporation

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FAQ

Step 1: Corporation or LLC action. Step 2: Filing the Certificate of Dissolution with the state. Step 3: Filing federal, state, and local tax forms. Step 4: Notifying creditors your business is ending. Step 5: Settling creditors' claims.

An inactive business is a business that still exists but has no activity, which means no business transactions during a specific year.Even if the business has no income, it may still be considered active for tax purposes. There are many reasons a business may become inactive.

Dissolve the Legal Entity (LLC or Corporation) with the State. An LLC or Corporation needs to be officially dissolved. Pay Any Outstanding Bills. You need to satisfy any company debts before closing the business. Cancel Any Business Licenses or Permits. File Your Final Federal and State Tax Returns.

Written Resolution. Pay creditors. Distribute to Members. Complete Articles of Dissolution. File with Secretary of State. File with Oklahoma Tax Commission. File with IRS. Unemployment Authority.

In most states, to keep a corporation active, the owners must file annual reports and income tax returns. They may have to pay annual fees as well. Failure to do these things can render the corporation inactive. A corporation may also voluntarily become inactive by ceasing to do business.

Definition. The ending of a corporation, either voluntarily by filing a notice of dissolution with the Secretary of State or as ordered by a court after a vote of the shareholders, or involuntarily through government action as a result of failure to pay taxes.

Hold a board of directors meeting and formally move to dissolve your corporation. Fill out and file the Certificate of Dissolution with the Oklahoma Secretary of State. Fulfill all tax obligations with the state of Oklahoma, as well as with the IRS.

Failing to dissolve the corporation allows third parties to continue to sue the corporation as if it is still in operation. A judgment might mean that shareholders use the money received from distributed assets when the corporation closed down to satisfy judgments against the corporation.

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Oklahoma Dissolution Package to Dissolve Corporation