Plan of Liquidation and Dissolution of a Corporation

State:
Multi-State
Control #:
US-0076BG
Format:
Word; 
Rich Text
Instant download

Description

Dissolution is the act of bringing to an end. It is the act of rendering a legal proceeding null, or changing its character. Under corporate law, it is the last stage of liquidation. Dissolution is the process by which a company is brought to an end.



Liquidation is the selling of the assets of a business, paying bills and dividing the remainder among shareholders, partners or other investors. A business need not be insolvent to liquidate. Upon liquidation of certain business, such as a bank, a bond may be required to be posted to assure the proper distribution of assets to creditors.

How to fill out Plan Of Liquidation And Dissolution Of A Corporation?

Aren't you tired of choosing from numerous samples every time you require to create a Plan of Liquidation and Dissolution of a Corporation? US Legal Forms eliminates the wasted time numerous American people spend surfing around the internet for ideal tax and legal forms. Our expert crew of lawyers is constantly modernizing the state-specific Templates collection, so that it always provides the appropriate files for your situation.

If you’re a US Legal Forms subscriber, just log in to your account and click the Download button. After that, the form are available in the My Forms tab.

Users who don't have a subscription should complete quick and easy steps before being able to download their Plan of Liquidation and Dissolution of a Corporation:

  1. Use the Preview function and read the form description (if available) to make certain that it’s the appropriate document for what you are looking for.
  2. Pay attention to the validity of the sample, meaning make sure it's the proper template for the state and situation.
  3. Make use of the Search field at the top of the web page if you want to look for another file.
  4. Click Buy Now and choose a preferred pricing plan.
  5. Create an account and pay for the service utilizing a credit card or a PayPal.
  6. Download your document in a convenient format to finish, create a hard copy, and sign the document.

When you have followed the step-by-step guidelines above, you'll always be able to log in and download whatever document you require for whatever state you want it in. With US Legal Forms, completing Plan of Liquidation and Dissolution of a Corporation templates or other legal files is simple. Get going now, and don't forget to look at your examples with certified attorneys!

Form popularity

FAQ

Write your business's name, address, and EIN at the top of the form. Complete Box 1 with the date of incorporation. Complete Box 2 with the location of incorporations. Use Box 3 to indicate whether this is a complete or partial liquidation.

You must file Form 966, Corporate Dissolution or Liquidation, if you adopt a resolution or plan to dissolve the corporation or liquidate any of its stock. You must also file your corporation's final income tax return.

Step 1: Hold a Board Meeting and Seek Shareholder Approval. Step 2: File a Certificate of Dissolution with the Secretary of State. Step 3: Notify the Internal Revenue Service and Other Taxing Authorities. Step 4: Formal Notice of Dissolution. Step 5: Settle Claims with Creditors.

Plan of Liquidation means a plan (including by operation of law) that provides for, contemplates or the effectuation of which is preceded or accompanied by (whether or not substantially contemporaneously) (i) the sale, lease, conveyance or other disposition of all or substantially all of the assets of the referent

In that process, the corporation notifies creditors of the impending cessation of business and does all acts appropriate to liquidate its business, such as collecting and selling assets, discharging liabilities, and distributing any remaining assets to shareholders.6 The corporation may, but is rarely required to,

Dissolve a California Corporation. Step 1: File the Certificate of Election to Wind Up and Dissolve. Step 2: Winding Up Your California Corporation. Step 3: File an Annual Statement of Information with the California Secretary of State. Step 4: File a Certificate of Dissolution.

A corporation (or a farmer's cooperative) must file Form 966 if it adopts a resolution or plan to dissolve the corporation or liquidate any of its stock. Exempt organizations and qualified subchapter S subsidiaries should not file Form 966.

Trusted and secure by over 3 million people of the world’s leading companies

Plan of Liquidation and Dissolution of a Corporation