Seattle Washington Plan of Liquidation and Dissolution of a Corporation

State:
Multi-State
City:
Seattle
Control #:
US-0076BG
Format:
Word; 
Rich Text
Instant download

Description

Dissolution is the act of bringing to an end. It is the act of rendering a legal proceeding null, or changing its character. Under corporate law, it is the last stage of liquidation. Dissolution is the process by which a company is brought to an end.



Liquidation is the selling of the assets of a business, paying bills and dividing the remainder among shareholders, partners or other investors. A business need not be insolvent to liquidate. Upon liquidation of certain business, such as a bank, a bond may be required to be posted to assure the proper distribution of assets to creditors.

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FAQ

In Washington state, an 'administratively dissolved' corporation refers to a business entity that has failed to meet certain administrative requirements, such as filing annual reports or paying necessary fees. This status indicates that the corporation is no longer legally allowed to conduct business. However, a Seattle Washington Plan of Liquidation and Dissolution of a Corporation can help restore its standing or facilitate its closure. By understanding this process, you can ensure compliance with state laws and protect your interests.

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Seattle Washington Plan of Liquidation and Dissolution of a Corporation