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RESOLUTION 2012115 A RESOLUTION TO DISSOLVE CERTAIN COMMITTEES THAT ARE NO LONGER NECESSARY WHEREAS, the Common Council has on occasion created certain committees, task forces, working groups, and

How to fill out a resolution to dissolve

How to fill out a resolution to dissolve:

1. Begin by clearly stating the name of the organization or company that is seeking dissolution.
2. Include the date on which the resolution to dissolve is being drafted.
3. Outline the reasons for the dissolution, such as the completion of the organization's objective, lack of funding, or any other relevant factors.
4. Include a detailed description of the steps that will be taken to wind down the organization's affairs, such as selling assets, paying off debts, and distributing remaining funds or assets.
5. Mention if a dissolution committee will be formed and provide details about their responsibilities and authority.
6. Specify the method through which the resolution will be approved, whether it is through a vote by the members or through a board of directors' decision.
7. Identify the person or group responsible for filing the necessary paperwork with the appropriate governmental agencies to formalize the dissolution.
8. Include any additional information or provisions necessary for the dissolution process, such as the appointment of a liquidator or trustee to oversee the winding down of the organization's affairs.

Who needs a resolution to dissolve:

1. Non-profit organizations that have achieved their stated mission or can no longer sustain their operations.
2. Companies or businesses that are no longer viable or financially solvent.
3. Partnerships or associations whose members have decided to dissolve the organization.
4. For-profit organizations looking to undergo a merger or acquisition that requires dissolution.
5. Organizations looking to restructure or reorganize their operations, necessitating the dissolution of the existing entity.
6. Any entity that is required by law or regulation to formally dissolve through a resolution.

For pdfFiller’s FAQs

What is a resolution to dissolve?

A resolution to dissolve is a formal decision made by a company's board of directors or shareholders to close down the business and cease all operations.

Who is required to file a resolution to dissolve?

The board of directors or shareholders of a company are required to file a resolution to dissolve.

How to fill out a resolution to dissolve?

A resolution to dissolve should be drafted outlining the decision to dissolve the company, signed by the appropriate parties, and filed with the relevant state authorities.

What is the purpose of a resolution to dissolve?

The purpose of a resolution to dissolve is to officially wind up the affairs of the company and terminate its existence as a legal entity.

What information must be reported on a resolution to dissolve?

A resolution to dissolve should include the company name, identification numbers, date of dissolution decision, and details of the parties involved in making the decision.

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