West Virginia Dissolving a Law Firm

State:
Multi-State
Control #:
US-L07054
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This Plan of Dissolution of a Law Firm covers covers all necessary topics for the dissolution of the firm. Included are: Plan of dissolution, liquidation objectives, surrender of leasehold estates, estimated balance sheet items, termination of personnel, accounts receivable billing and collecting, cash management, professional liability, and indemnity issues.

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FAQ

File a dissolution, termination, withdrawal, or cancellation online quickly and conveniently through the One Stop Business Portal. The Secretary of State's Office also provides forms that meet minimum state law requirements available online through the Secretary of State Form Search.

To dissolve an LLC in Virginia, you will need to pay a $25 filing fee. You can pay online with a credit card or eCheck, or mail a check with the filing made payable to the State Corporation Commission.

To dissolve your Virginia Limited Liability Company you complete and file form LLC-1050, Articles of Cancellation of a Virginia Limited Liability Company. You state on the form that you have completed winding up affairs and the instructions refer to paying all debts, liabilities and obligations of the company.

The articles shall set forth: The name of the corporation; That all the assets of the corporation have been distributed to its creditors and shareholders; and. That the dissolution of the corporation has not been revoked.

When you are ready to dissolve your West Virginia corporation, you file original Articles of Dissolution with the West Virginia Secretary of State, Business Division (SOS). West Virginia SOS does not require the use of their forms. They do not require original signatures.

Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.

If your nonprofit has members, you'll need a proposal to dissolve. If your nonprofit doesn't have members, you'll need a resolution to dissolve. In either case, you'll also likely need a plan of distribution that indicates how the nonprofit's remaining assets will be distributed after all creditors have been paid.

Filing accounts and a company tax return with HMRC. You must state that these are the final accounts due to the planned dissolution of the company. Asking HMRC to close down the company's payroll scheme and deregister for VAT. Confirm that the company can, or has, paid any outstanding debts.

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West Virginia Dissolving a Law Firm