Oregon Agreement to Incorporate Close Corporation
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How to fill out Agreement To Incorporate Close Corporation?
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FAQ
If you don't correctly dissolve your Oregon business, you might have to continue paying unnecessary taxes and fees to the state, you might have to pay penalties, and you and your fellow owners might be negatively impacted in future business ventures.
This article sets forth the steps for properly closing down and dissolving an Oregon corporation. Step 1: The Corporate Resolution. ... Step 2: File Articles of Dissolution. ... Step 3: File Form 966. ... Step 4: Plan of Liquidation (Optional) ... Step 5: Notice (Optional)
How to Dissolve a Corporation in California Step 1: Shareholders Vote to Dissolve the Corporation. ... Step 2: Prepare and File a Certificate of Election. ... Step 3: Board of Directors Provides Written Notice of Corporation's Dissolution. ... Step 4: Pay Taxes, Settle Debts, and Distribute Remaining Assets to Shareholders.
File Closure With the Secretary of State Find your business type on the Business Registration Forms page. Look for "Articles of Dissolution" or "Cancelation" form, depending on your business type. If you have questions, contact the Corporation Division of the Secretary of State.
A close corporation often costs more money to organize. While shareholders have the benefit of greater control over the sale of shares, shareholders in a close corporation are also burdened with increased responsibility. A close corporation has to be governed by both a shareholders agreement and the company bylaws.
Corporate bylaws are legally required in Oregon. Stat. § 60.061, corporate bylaws shall be adopted by the incorporators or the corporation's board of directors. Bylaws are usually adopted by your corporation's directors at their first board meeting.
To dissolve your corporation in Oregon, you must provide the completed Articles of Dissolution ? Business/Professional form to the Oregon Secretary of State Corporation Division by mail, in person or by fax with a Fax Cover Sheet. Original signature is NOT required.
The Oregon Business Corporation Act includes laws and regulations for corporations doing business in the state of Oregon. By forming a corporation, the owner's personal assets aren't at risk for legal or financial issues relating to the business.