Oregon Sample Letter for Certificate of Administrative Dissolution - Revocation
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How to fill out Sample Letter For Certificate Of Administrative Dissolution - Revocation?
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FAQ
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.
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.
Normal Processing: One week. In Person Processing: One day when delivered to the customer service desk. Fax filing: One week.
People who continue to operate a business that has been dissolved, are taking a serious risk. That's because once the company dissolves, the corporate protections no longer exist. That means that someone who operates the dissolved business, can be sued personally for anything the (dissolved) company does.
Admin dissolved or administrative dissolution refers to the act of a governing body removing the legal rights, abilities, assets and authority of a corporate entity, either for violation of certain laws or a similar form of transgression performed by the company and its constituent members.
When the revocation of dissolution is effective, it relates back to and takes effect as of the effective date of the dissolution and the corporation resumes carrying on its business as if dissolution had never occurred.
