Get the free ARTICLES OF DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS - sos nh

This document is used by a corporation in New Hampshire to formally dissolve its corporate status as per the requirements of the New Hampshire Business Corporation Act.

How to fill out articles of dissolution by

How to fill out ARTICLES OF DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS

1. Begin by obtaining the ARTICLES OF DISSOLUTION form from your state's Secretary of State website or office.
2. Clearly state the name of the corporation as it appears in the articles of incorporation.
3. Provide the date of incorporation and any official name changes, if applicable.
4. Indicate the type of dissolution: voluntary or involuntary.
5. Include the date the board of directors and shareholders voted to dissolve the corporation.
6. Specify the method of approval for dissolution, including the number of shares voted and the percentage of approval from the shareholders.
7. List any known liabilities and how the corporation plans to handle them during the dissolution process.
8. Ensure that all required signatures from board members or shareholders are included.
9. Review the completed form for accuracy and completeness.
10. Submit the signed ARTICLES OF DISSOLUTION to the appropriate state office, along with any required fees.

Who needs ARTICLES OF DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS?

1. Corporations looking to formally dissolve their business operations.
2. Shareholders and board directors who have agreed upon the dissolution of the company.
3. Companies that have ceased operations and wish to legally terminate their existence.
4. Organizations that need to notify the state of their intent to dissolve for tax or legal purposes.

People Also Ask about

What is the difference between articles of termination and articles of dissolution?

Termination occurs when a business entity ceases to exist legally. Dissolution involves the winding up the affairs of the business entity, i.e., paying off debts or any business obligations of the entity, liquidating any assets, accounts of the business entity and distributing any cash to the owners.

How do you write an article of dissolution?

First, you need to be sure to include the legal name of your company. Second, your articles of dissolution should state the date when your company will be dissolved. Finally, there should be a statement that your corporation's board of directors or your LLC's members approved the dissolution.

What is the difference between articles of termination and articles of dissolution?

Termination occurs when a business entity ceases to exist legally. Dissolution involves the winding up the affairs of the business entity, i.e., paying off debts or any business obligations of the entity, liquidating any assets, accounts of the business entity and distributing any cash to the owners.

How do you dissolve a board of directors?

How To Remove An Entire Board Of Directors? Draft a resolution to replace the current board with a new one. File a petition with the court to have the current board removed. Serve the members of the current board with notice of the shareholders meeting at which the removal will be voted on.

What is an article of dissolution?

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

What are the three types of dissolution?

Voluntary. In Arizona, there are three ways a nonprofit corporation can be dissolved: voluntarily, administratively, and judicially. Judicial dissolution is the product of litigation, whereby a judge orders the corporation to dissolve as a remedy to the case.

How to write a letter of dissolution?

The notice should include essential details such as the effective date of dissolution, the reasons for dissolution, and instructions for handling any outstanding obligations or claims. It is essential to ensure that the notice complies with state laws and any specific provisions outlined in the partnership agreement.

How to write a dissolution clause?

One example of an acceptable dissolution clause, as provided by the IRS, is, “Upon the dissolution of this corporation, assets shall be distributed for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or shall be

For pdfFiller’s FAQs

What is ARTICLES OF DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS?

Articles of Dissolution by Board of Directors and Shareholders is a formal document that officially terminates the existence of a corporation, as approved by its board of directors and shareholders.

Who is required to file ARTICLES OF DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS?

The corporation itself is required to file the Articles of Dissolution, which must be initiated by the board of directors and approved by the shareholders.

How to fill out ARTICLES OF DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS?

To fill out the Articles of Dissolution, provide the name of the corporation, the date of dissolution, the reason for dissolution, and attach any relevant documentation such as shareholder approval.

What is the purpose of ARTICLES OF DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS?

The purpose of the Articles of Dissolution is to legally end the corporation's existence, settle any remaining debts, and distribute any remaining assets among shareholders.

What information must be reported on ARTICLES OF DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS?

The information that must be reported includes the corporation's name, the date of dissolution, the approval by the board and shareholders, the reason for dissolution, and any other required legal provisions.