[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Date] West Virginia Secretary of State Business Division [Address] [City, State, ZIP] Subject: Official Notice of Intent to Administratively Dissolve or Revoke [Company Name] Dear Sir or Madam, I am writing to inform you that [Company Name], a [type of business entity] registered with the West Virginia Secretary of State, intends to administratively dissolve or revoke its status as per Section [relevant section of the West Virginia Code] of the West Virginia Code. [Company Name] is unable to continue its operations due to [reason for dissolution/revocation]. Despite our best efforts, we have been unable to fulfill the necessary requirements to maintain active status with the West Virginia Secretary of State. In accordance with West Virginia law, we hereby submit this official notice of our intent to administratively dissolve or revoke [Company Name]. Following this notice, we request that you commence the necessary administrative procedures to dissolve or revoke the business entity. Please find enclosed the required fee for the administrative dissolution/revocation process as prescribed by the West Virginia Secretary of State. We understand that this fee is non-refundable. We kindly request your prompt attention to this matter. Should you require any additional information or documents related to the dissolution/revocation process, please do not hesitate to contact us at [phone number] or via email at [email address]. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Position] [Company Name] [Phone Number] [Email Address] Keywords: West Virginia, Sample Letter, Official Notice of Intent to Administratively Dissolve or Revoke, West Virginia Secretary of State, administrative dissolution, administrative revocation, West Virginia Code.
West Virginia Sample Letter for Official Notice of Intent to Administratively Dissolve or Revoke
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How to fill out West Virginia Sample Letter For Official Notice Of Intent To Administratively Dissolve Or Revoke?
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FAQ
After dissolution, a corporation is generally expected to pay all its existing debts and then liquidate its remaining assets to its shareholders. This sometimes becomes difficult, however, where there are unknown claims that may exist against the corporation.
Once a company is dissolved, it no longer exists as a legal entity and cannot conduct business or enter into contracts. Dissolution may also trigger a number of certain legal obligations, such as the distribution of remaining assets to creditors or shareholders. It also might involve the filing of final tax returns.
People who continue to operate a business that has been dissolved, are taking a serious risk. That's because once the company dissolves, the corporate protections no longer exist. That means that someone who operates the dissolved business, can be sued personally for anything the (dissolved) company does.
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.
If your business has been administratively dissolved or revoked, you cannot conduct business in Indiana. Don't panic. If you intend to continue doing business, you can reinstate the business if it has not been administratively dissolved or revoked for more than five (5) years.
