Subject: Official Notice of Intent to Administratively Dissolve or Revoke — Pennsylvania Dear [Name of Recipient], We hope this letter finds you well. This is an official notice from the [Your Company Name], informing you of our intent to initiate the administrative dissolution or revocation of our entity status in the state of Pennsylvania. As you may be aware, administrative dissolution or revocation is a legal process by which the state government can terminate the existence of a business entity that has failed to comply with certain obligations and requirements. It is important to note that this action is taken by the state agency responsible for business entities, in this case, the Pennsylvania Department of State (DOS). Our corporation, [Your Company Name], incorporated under the laws of Pennsylvania on [Date of Incorporation], has unfortunately failed to fulfill the necessary obligations and requirements to maintain its active status. This notice serves as our official intent to start the administrative dissolution or revocation process, and we would like to describe the reasons behind this decision. [Here, you can provide a brief explanation of the reasons for the administrative dissolution/revocation, such as non-payment of annual fees, failure to maintain a registered agent, or failure to file required reports. Be sure to include relevant keywords, such as "Pennsylvania administrative dissolution" or "Pennsylvania entity revocation."] We regret that our corporation has reached this point, as we understand the potential consequences of administrative dissolution or revocation, which include losing the benefits and protections associated with being an active entity. We have thoroughly assessed the situation and concluded that dissolution or revocation is in the best interest of our corporation. Moreover, we would like to inform you that within the prescribed timeframe, we will be taking all necessary steps to fulfill our obligations and bring our corporation into good standing once again. This may include paying outstanding fees, appointing a registered agent, or submitting required reports, depending on the specific requirements outlined by the DOS. We kindly request your cooperation and understanding during this process. Any further inquiries or requests for additional information can be directed to our legal representative, [Legal Representative's Name and Contact Information], who will assist in resolving any outstanding issues promptly. We appreciate your attention to this matter and apologize for any inconvenience caused by our actions. We value the partnerships and relationships we have built, and we are committed to rectifying this situation to the best of our abilities. Thank you for your understanding and cooperation. We look forward to resolving this matter and continuing our business activities in Pennsylvania. Sincerely, [Your Name] [Your Title] [Your Company Name]
Pennsylvania Sample Letter for Official Notice of Intent to Administratively Dissolve or Revoke
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FAQ
This is often known as ?revocation? for foreign registrations and ?administrative dissolution? for domestic entities. If a corporation or LLC is inactive by means of revocation or administrative dissolution, it cannot legally transact business in a state.
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 dissolution for annual report definition is the temporary removal of a company's ability to conduct business in the state of registration because they failed to file the required annual reports or follow other legal guidelines.
What is a business dissolution? A business dissolution is a formal closure of a business with the state. A small business cannot hang up a ?closed? or ?out of business? sign outside their storefront, turn off the lights, and lock their doors to be considered a dissolved business.
Once a company is dissolved, it no longer exists as a legal entity and cannot conduct business or enter into contracts. Dissolution may also trigger a number of certain legal obligations, such as the distribution of remaining assets to creditors or shareholders. It also might involve the filing of final tax returns.
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.
