[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Re: Dissolution of [Corporation Name] Dear [Recipient's Name], I am writing to formally notify you of the dissolution of [Corporation Name], a corporation registered in the state of Utah. As per the provisions set forth in the Utah Code, specifically Title 16, Chapter 10a — Utah Revised Business Corporation Act, we are required to comply with the regulations governing the dissolution process. [Corporation Name] commenced its business operations on [Date of Incorporation], with the principal place of business located at [Corporation Address]. Due to various reasons, it has been decided by the majority of shareholders and the board of directors that the corporation shall be dissolved. We have taken the necessary steps in accordance with the Utah Revised Business Corporation Act and the internal procedures stated in the corporation's bylaws. A resolution for dissolution was presented and unanimously approved by the board of directors during a duly convened meeting held on [Date of Board Resolution]. Special shareholders' meetings were also organized and the resolution for dissolution was accepted by shareholders owning at least two-thirds of the voting shares during the meeting held on [Date of Shareholders' Meeting]. The winding up and liquidation process of the corporation's affairs will be carried out under the supervision of the board of directors and in compliance with Utah state laws. This includes settling any outstanding obligations, resolving pending legal matters, and distributing corporate assets among the shareholders in accordance with their respective ownership interests. As part of the dissolution process, we are required to publish a notice of dissolution in a newspaper of general circulation in the county where the corporation's principal office is located, as well as send a copy of this notice to all known creditors. This notification serves as both the publication notice and a communication to potential claimants. Therefore, if you hold a claim against [Corporation Name], please submit your claim, in writing, to our registered agent within [number] days from the date of this letter. If no claims are received within this specified period, your claim against the corporation will be deemed waived and extinguished. Please address any claims or inquiries to our registered agent: [Registered Agent's Name] [Registered Agent's Address] [Registered Agent's City, State, ZIP] We thank all our clients, employees, stakeholders, and partners for their support during our years of operation. It has been an honor to serve our community and contribute to the local economy. If you require any further information regarding the dissolution process or have any concerns, please do not hesitate to reach out to us at [Your Email Address] or [Your Phone Number]. Yours sincerely, [Your Name] [Your Position/Title] [Corporation Name]
Utah Sample Letter for Dissolution of Corporation
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How to fill out Utah Sample Letter For Dissolution Of Corporation?
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FAQ
To dissolve your corporation in Pennsylvania, you provide the completed Articles of Dissolution-Domestic (DSCB: 15-1977/5877) form to the Department of State, Corporation Bureau, by mail or in person. You may fax file if you have a customer deposit account with the Bureau.
Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.
How do you dissolve a Utah Corporation? To dissolve your corporation in Utah, you must provide the completed Articles of Dissolution (After Issuance of Shares) form to the Division of Corporations & Commercial Code by mail, fax or in person.
Although the content will vary, certain elements should be included in every letter of dissolution. These include: The name of the recipient and the name of the person sending the letter. The purpose of the letter, including the relationship to be terminated and the date of termination, stated in the first paragraph.
This intent to dissolve should include the following information: A detailed description of the claim. Information regarding the claim, the amount of the claim, and whether it is admitted to or not. A mailing address where any claims can be sent. A deadline: This must be at least 120 days after the written notice date.
A letter of dissolution is an official notification of the end of a business relationship with a partner, client, vendor, or another party.
First, you need to be sure to include the legal name of your company. Second, your articles of dissolution should state the date when your company will be dissolved. Finally, there should be a statement that your corporation's board of directors or your LLC's members approved the dissolution.
