The Pennsylvania Statement of Division [DSC:15-366] is a document issued by the Pennsylvania Department of State that is used to divide a business entity's assets in an equitable manner. This document is necessary for businesses that are dissolving, selling, or otherwise transferring assets. There are two main types of Pennsylvania Statement of Division: the Statement of Division by Court Order and the Statement of Division by Agreement. The Statement of Division by Court Order is used when the business entity is unable to come to an agreement on the division of its assets, and the court must intervene to settle the matter. The Statement of Division by Agreement is used when the business entity is able to agree on the division of its assets. In either case, the Pennsylvania Statement of Division must be filed with the Pennsylvania Department of State.