Rhode Island Articles of Dissolution are official documents that are filed with the Rhode Island Secretary of State in order to legally dissolve a corporation or business entity. It is the official method of formally ending a corporation's existence in Rhode Island. The Articles of Dissolution must include the name of the corporation, the date of its incorporation, and the date of dissolution. There are two types of Rhode Island Articles of Dissolution: Voluntary and Involuntary. A Voluntary Article of Dissolution is filed when a corporation's shareholders decide to dissolve the corporation, and an Involuntary Article of Dissolution is filed when a corporation is dissolved due to a court order. In either case, the Articles of Dissolution must be signed by a majority of the corporation's directors, officers or shareholders. Once the Articles of Dissolution are filed with the Secretary of State, the corporation is officially dissolved and its liabilities must be settled.
Rhode Island Articles of Dissolution
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How to fill out Rhode Island Articles Of Dissolution?
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FAQ
Call: 410-260-7980 or 1-800-638-2937 Provide: Name, telephone number, Federal Employer Identification Number (FEIN), Central Registration Number (CRN), reason for closing account, and closing date. Online through the MDES Online System.
How to dissolve a business in 7 steps Step 1: Get approval of the owners of the corporation or LLC.Step 2: File the Certificate of Dissolution with the state.Step 3: File federal, state, and local tax forms.Step 4: Wind up affairs.Step 5: Notify creditors your business is closing.Step 6: Settle creditors' claims.
The cost to file your divorce in Rhode Island is $160. If you choose to file your paperwork electronically, you might be charged additional fees. If you can't afford to pay the filing fee, you can request that the court waive the fees.
Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.
Shareholders must authorize the liquidation and dissolution of the corporation by special resolution. If there is more than one class or group of shareholders, each class or group must pass a special resolution to authorize the dissolution even if these shareholders are not otherwise entitled to vote.
Businesses in Rhode Island that are no longer transacting business in this state must formally dissolve. Deciding to Close Your Business.Comply with Employment and Labor Laws.Resolve Financial Obligations.Obtain and Submit Appropriate Documents.Cancel Registrations, Permits, and Licenses.Maintain Records.
If there are no longer operations or assets in your entity and there is no intention to place new business or assets in the entity, then you should consider dissolving your entity.