Oregon Dissolution Package to Dissolve Corporation

State:
Oregon
Control #:
OR-DP-0001
Format:
Word; 
Rich Text
Instant download

Description Oregon Dissolve

The dissolution of a corporation package contains all forms to dissolve a corporation in Oregon, step by step instructions, addresses, transmittal letters, and other information.
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How to fill out Oregon Dissolution Agreement?

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Oregon Dissolution Other Form Names

Oregon Dissolution Dissolve   Or Corporation Application   Oregon Dissolution Corporation   Or Dissolution Corporation   Or Dissolve   Or Dissolution   Or Dissolution Dissolve  

Bundle Corporation Form FAQ

If the company has ceased trading and is closed owing money and your debt is with that company then your liability ends with that company.

After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets.Assets used as security for loans must be given to the bank or creditor that extended the loan, or you must pay off the loan before selling such assets.

Step 1: The Corporate Resolution. The first step in dissolution is drafting the proper corporate resolution. Step 2: File Articles of Dissolution. Step 3: File Form 966. Step 4: Plan of Liquidation (Optional) Step 5: Notice (Optional)

When a corporation is dissolved, it no longer legally exists and, in most cases, its debts disappear as well. State laws usually give additional time beyond the dissolution for creditors to file suits for failure to pay any corporate debts or for the wrongful distribution of corporate assets.

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.

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.

In legal terms, when a company is dissolved, it ceases to exist. It cannot still be trading - although a person may trade (misleadingly) using its name.

After dissolution, you cannot use the funds remaining in your business bank account for new business. LLC members no longer have the authority to conduct business or do anything that would indicate that the LLC is still active. Your bank account can cover only essential winding up affairs.

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Oregon Dissolution Package to Dissolve Corporation