Get the free Statement of Intent to Dissolve or Revocation of Intent to Dissolve - isc

This document serves as a formal statement by a non-profit corporation indicating its intention to dissolve or revoke a prior notice of dissolution, complying with applicable regulations.

How to fill out statement of intent to

How to fill out Statement of Intent to Dissolve or Revocation of Intent to Dissolve

1. Obtain the Statement of Intent to Dissolve or Revocation of Intent to Dissolve form from the appropriate state agency or website.
2. Fill in the business name exactly as it appears on state records.
3. Provide the date of dissolution or revocation.
4. Include the reason for dissolution or revocation, if required.
5. Provide the name and signature of an authorized representative of the business.
6. Double-check all information for accuracy.
7. Submit the completed form along with any required fees to the appropriate state office.

Who needs Statement of Intent to Dissolve or Revocation of Intent to Dissolve?

1. Business entities that have decided to formally dissolve their operations.
2. Companies that previously filed an intent to dissolve and wish to revoke that intent.
3. Corporations, partnerships, or LLCs that are ceasing operations.

People Also Ask about

What does notice of intent to dissolve mean?

A formal Notice of Intent to Dissolve lets everyone know the business is closing, when it will shut down, and who is handling the liquidation and payment of outstanding debt.

What is the cost of opening a company in Canada?

Canada's Federal Incorporation Costs ItemCost Basic Filing Fee Incorporation $200 Articles of Incorporation Filing Fee $92.40 Name Pre-Approval $16.65 NUANS Corporation Name Search Fee $60-1602 more rows

How do you close a business in Canada?

If you are running a sole proprietorship or partnership, cancel your business registration. In the case of a corporation, voluntarily dissolve it and make sure to file the final tax return. Close your payroll accounts with the Canada Revenue Agency (CRA), ensuring all necessary paperwork is properly handled.

How to wind up a company in Canada?

There are two main ways to accomplish this in Canada: File Articles of Dissolution. This is the formal legal method of winding up a corporation. Allow the Corporation to Die. Corporations must file an Annual Report with the province in order to continue their existence.

What happens if my corporation is dissolved?

After dissolution, your corporation continues to exist for the purpose of winding up its business. "Winding up" generally means resolving all outstanding claims and lawsuits against the company, distributing any remaining assets to shareholders, and closing any open accounts, licenses, permits, or registrations.

What is the liquidation process in Canada?

The liquidation process involves appointing a liquidator, who is responsible for selling the company's assets and distributing the proceeds to creditors and shareholders in ance with the priority rules set out in the relevant legislation.

How to wind up a corporation in Canada?

To obtain a certificate of dissolution, fill and submit online your articles of dissolution. To obtain a certificate of intent to dissolve, complete and sign Form 19 – Statement of Intent to Dissolve (see Federal corporation forms) and submit it to Corporations Canada.

For pdfFiller’s FAQs

What is Statement of Intent to Dissolve or Revocation of Intent to Dissolve?

The Statement of Intent to Dissolve is a formal document filed by a corporation to indicate its decision to cease operations and dissolve its legal entity. Conversely, a Revocation of Intent to Dissolve is filed to retract a previously submitted intent to dissolve, thereby allowing the corporation to continue its operations.

Who is required to file Statement of Intent to Dissolve or Revocation of Intent to Dissolve?

Typically, the board of directors of a corporation must authorize the filing of a Statement of Intent to Dissolve. Any officer of the corporation may file the document. Similarly, a Revocation of Intent to Dissolve is filed by the board or authorized officers.

How to fill out Statement of Intent to Dissolve or Revocation of Intent to Dissolve?

To fill out the Statement of Intent to Dissolve, you should provide the corporation's name, the date of the decision to dissolve, and any resolutions or approvals required by the bylaws. For the Revocation of Intent to Dissolve, you would include the corporation's name and declare the intention to revoke the dissolution.

What is the purpose of Statement of Intent to Dissolve or Revocation of Intent to Dissolve?

The purpose of the Statement of Intent to Dissolve is to officially communicate the desire of a corporation to end its existence, ensuring compliance with state law. The Revocation of Intent to Dissolve allows the corporation to retract the earlier dissolution decision and continue its operations.

What information must be reported on Statement of Intent to Dissolve or Revocation of Intent to Dissolve?

The information required includes the corporation's name, the filing date, the decision to dissolve or revoke the intent to dissolve, and any necessary approvals from the board of directors or shareholders. Additional state-specific requirements may apply.