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Virginia Articles Of Cancellation Of A Domestic Business Trust

State:
Virginia
Control #:
VA-BTA-1238
Format:
PDF
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Articles Of Cancellation Of A Domestic Business Trust

Virginia Articles Of Cancellation Of A Domestic Business Trust is a document created under the laws of Virginia that is used to formally dissolve a domestic business trust. It must be signed by all trustees and filed with the State Corporation Commission in order to legally dissolve the business trust. There are two types of Virginia Articles Of Cancellation Of A Domestic Business Trust: the Short Form and the Long Form. The Short Form is used when all trustees sign the document, while the Long Form is used when at least one of the trustees does not sign. The document must include the name of the trust, the trustees, the date of dissolution, the reasons for dissolution, and other relevant information. The filing of the Articles Of Cancellation is the final step in legally dissolving a business trust.

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FAQ

To dissolve your Virginia Corporation that has not issued shares or has not commenced business, you file Form SCC751, Articles of Termination of Corporate Existence. This form needs to be signed by a majority of initial directors or if there are none, by a majority of the incorporators.

Articles of Dissolution, known in Virginia as Articles of Cancellation, are the forms that you file to voluntarily dissolve your LLC. Once this document has been filed and processed, your LLC will no longer legally exist. Virginia requires business owners to submit their Articles of Cancellation by mail or online.

The company must pay and clear, or arrange to pay and clear, all its debts, liabilities, and obligations. Then, it must distribute the remaining property and assets to its members. Members may choose to include the reason for canceling the company.

If the Commission finds that the articles of termination of corporate existence comply with the requirements of law and that all required fees have been paid, it shall by order issue a certificate of termination of corporate existence.

Visit to file articles of dissolution and/or termination of a Virginia Stock Corporation in real time. Questions? P.O. Box 1197 Richmond, VA 23219 Richmond, VA 23218-1197 Pay online with a credit card or eCheck. No additional processing fees apply for filing online.

Articles of incorporation are filed with the Commonwealth of Virginia State Corporation Commission (SCC). Preparing and filing articles of incorporation is the first step in starting your business or nonprofit corporation.

Visit to file articles of dissolution and/or termination of a Virginia Stock Corporation in real time. Questions? P.O. Box 1197 Richmond, VA 23219 Richmond, VA 23218-1197 Pay online with a credit card or eCheck. No additional processing fees apply for filing online.

For federal tax purposes, you'll need to file IRS Form 990 or IRS Form 990-EZ. You must include a completed Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets), as well as copies of your articles of dissolution, resolution or proposal to dissolve, and plan of distribution.

More info

Instant access to fillable Microsoft Word or PDF forms. Minimize the risk of using outdated forms and eliminate rejected fillings.The following documents relate to cancellation actions for Business Trusts only: Business Trust Cancellation. 665 Cancellation of revoked certificate of trust without additional fees and penalties; regulations. Articles of cancellation with respect to a domestic or foreign business trust. d. Articles of correction referred to in § 13. Articles of termination of corporate existence. What is a Domestic Entity? The chart below provides the information related to the dissolution of each domestic (Ohio) entity type. Required withdrawal on certain transactions.

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Virginia Articles Of Cancellation Of A Domestic Business Trust