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Wisconsin Certificate of Cancellation - Domestic Limited Partnership

State:
Wisconsin
Control #:
WI-SKU-1102
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PDF
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Description

Certificate of Cancellation - Domestic Limited Partnership

A Wisconsin Certificate of Cancellation — Domestic Limited Partnership is an official document issued by the Wisconsin Department of Financial Institutions (DFI) that officially cancels the registration of a domestic limited partnership in the state. This document is used to officially terminate a business's operations in the state and is typically filed after all financial obligations have been addressed and all taxes paid. There are two types of Wisconsin Certificate of Cancellation — Domestic Limited Partnership: Certificate of Cancellation — Domestic Limited Partnership (Form LP-05) and Certificate of Cancellation — Domestic Limited Liability Partnership (Form LP-06).

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FAQ

Liquidation of Assets After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you can't liquidate assets that are used as collateral for loans.

A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by mail, in person, or online, but we recommend online. Normal processing takes up to 7 days, plus additional time for mailing, and costs $10.

Steps to dissolve, surrender, or cancel a California business entity File all delinquent tax returns and pay all tax balances, including any penalties, fees, and interest. File the final/current year tax return.Cease doing or transacting business in California after the final taxable year.

Dissolving a corporation successfully takes several key steps. Such requirements may vary across the fifty states. Generally, it is recommended that business owners get legal assistance to file the necessary documents with the proper state agencies.

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.

To dissolve your LLC in Wisconsin, submit Wisconsin Form 510, Articles of Dissolution to the Department of Financial Institutions: Division of Corporate and Consumer Services (DFI) in person or by mail or commercial delivery. Use of the DFI form is not mandatory; you may draft your own articles of dissolution.

To make amendments to your Wisconsin articles of incorporation, you can file Wisconsin Form 4, Articles of Amendment ? Stock, for-Profit Corporation to the Wisconsin Department of Financial Institutions (DFI). The form is optional; you may draft your own Articles of Amendment.

To dissolve your Wisconsin Corporation, file Wisconsin Form 10, Articles of Dissolution ? Stock For-Profit Corporation with the Department of Financial Institutions: Division of Corporate and Consumer Services (DFI). You are not required to use the DFI form. You may choose to draft your own Articles of Dissolution.

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Wisconsin Certificate of Cancellation - Domestic Limited Partnership