Write a business dissolution checklist

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Checklist for Dissolving a Corporation:

  1. Review Bylaws and Hold Shareholder Vote
    • Approve dissolution via formal vote by shareholders and directors.
  2. Notify Creditors and Settle Debts
    • Notify creditors and pay all outstanding obligations.
  3. Liquidate Assets
    • Sell off business assets and distribute proceeds accordingly.
  4. File Articles of Dissolution with the Secretary of State
    • Submit the necessary dissolution paperwork.
  5. Cancel Licenses and Close Accounts
    • Cancel any business licenses, permits, and close accounts.
  6. File Final Tax Returns
    • Submit final tax filings with the IRS and state tax authorities.
  7. Distribute Remaining Assets to Shareholders
    • After settling debts, distribute any remaining assets to shareholders according to their ownership interests.
Write a business dissolution checklist
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Write a business dissolution checklist
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Write a business dissolution checklist
21.9025.09
Clear