The Utah Application of Dissolution (Prior to Issuance of Shares) is a legal document that is required by the state of Utah for the dissolution of a business prior to the issuance of shares. This document is completed by the directors of the business and is filed with the Utah Department of Commerce. The application includes details such as the name of the business, its registered address, the names of the directors, and a list of the assets and liabilities of the business. The application must also include a statement that all debts and obligations of the business have been settled and that all assets and liabilities have been distributed in accordance with the provisions of the Utah Business Corporation Act. There are two types of Utah Application of Dissolution (Prior to Issuance of Shares): voluntary dissolution and involuntary dissolution. Voluntary dissolution is initiated by the shareholders and directors of the business, and involuntary dissolution is initiated by a court order.
Utah Application of Dissolution (Prior To Issuance of Shares)
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To make amendments to your Utah Corporation, you must provide the completed Articles of Amendment to Articles of Incorporation (Profit) form, with the processing fee, to the Division of Corporations & Commercial Code by mail, fax or in person. If faxing your amendments, include the Fax Cover Letter.
File articles of dissolution with the Secretary of State. You can submit this document by mail to Utah Division of Corporations and Commercial Code. There is no filing fee required for filing articles of dissolution. The state agency usually takes five to seven business days to process the articles of dissolution.
To cancel a Business Name Registration (DBA) a letter of cancellation must be presented to the division. The cancellation letter should include the following information: 1) Statement requesting the Division to cancel the Business Name Registration (DBA). 2) Address of the business.
Utah DBAs expire every three years and require renewal. You can renew your Utah DBA online. The processing fee to renew your assumed name is $27.
You can register as many DBAs as you want. But remember that each requires a separate registration and filing fee, a separate brand identity (name, logo design, etc.), and periodic renewal registrations.
Most management actions are protected from judicial scrutiny by the business judgement rule: absent bad faith, fraud, or breach of a fiduciary duty, the judgement of the managers of a corporation is conclusive.
This is often called filing for a DBA, or doing business as. For example, if ?ABC Company LLC? wants to do business as ?ABC Furniture Rental? then the owners have to file a DBA. Utah requires a business to file for a DBA designation if it seeks to do business under a name other than its formal "legal" name.
You can cancel/dissolve a DBA by completing the Letter of Cancellation . How do I obtain copies/certificates of a DBA? You can obtain copies/certificates of a DBA by doing a Business Registration Search , then finding the entity you are looking for, then you click on the details of that entity.