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Rev 7/01/02 Instructions for Form C159-B CERTIFICATE of DISSOLUTION, WITHOUT A MEETING OF SHAREHOLDERS/MEMBERS, DOMESTIC FOR-PROFIT & NON- PROFIT CORPORATIONS (Titles 14A AND 15A) STATUTORY FEE: $75
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People Also Ask about
Is dissolution the same as termination?
While both words are concerned with the end of a business partnership, dissolution refers to the process itself, and usually to the departure (or death) of one or more individuals from the entity, while termination refers to the cessation of all operations, including the disposal of all assets.
What is a certificate of dissolution in NJ?
USING FORM C-159D A corporation may be dissolved by the written consent of all its shareholders entitled to vote on the action. To effect such a dissolution, all shareholders shall sign and file in the Office of the Treasurer, Division of Revenue, the articles of dissolution set forth in form C-159D.
How much does it cost to dissolve an LLC in New Jersey?
Steps for Dissolving Your NJ LLC You will then submit the document (either online or by mail), along with the required fee, which is generally around $100 for domestic LLCs and $125 for foreign LLCs. Next, you will need to submit a tax clearance request application.
What is the difference between certificate of dissolution and dissolution and termination in NJ?
These terms are often used interchangeably, but have distinct legal meanings. Dissolution is the winding up of the affairs of the entity in advance of the termination of the entity. Termination of the entity occurs when the entity ceases to legally exist.
What happens if I don't dissolve my LLC in NJ?
Failure to dissolve the corporation when the corporation has ceased doing business will result in the legal requirement to continue to file Corporation Business Tax returns with the necessary remittance of the minimum CBT tax.
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What is certificate of dissolution form?
A certificate of dissolution form is a legal document that officially terminates the existence of a corporation or business entity, indicating that it has been legally dissolved.
Who is required to file certificate of dissolution form?
The certificate of dissolution form is typically required to be filed by corporations, limited liability companies (LLCs), or other business entities that wish to officially dissolve their operations.
How to fill out certificate of dissolution form?
To fill out a certificate of dissolution form, you must provide specific information such as the business name, date of incorporation, reason for dissolution, and signatures of authorized individuals, along with any required filing fees.
What is the purpose of certificate of dissolution form?
The purpose of the certificate of dissolution form is to formally notify the state and relevant authorities that a business entity is ceasing its operations and to legally dissolve its corporate status.
What information must be reported on certificate of dissolution form?
The information that must be reported on the certificate of dissolution form typically includes the business name, date of establishment, details of authorized representatives, reason for dissolution, and signatures, along with any other state-specific requirements.
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