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PROCEDURES AND FORMS FOR A SIMPLIFIED NONJUDICIAL DISSOLUTION PURSUANT TO ARTICLE 10 OF THE NOTFORPROFIT CORPORATION LAW ATTORNEY GENERAL ANDREW M. CUOMO Charities Bureau 120 Broadway New York, NY
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How to fill out simplified non-judicial dissolution

01
Gather all the necessary documents and information such as the dissolution form, business identification number, and any relevant financial statements.
02
Fill out the dissolution form accurately, providing all the required information.
03
Submit the completed dissolution form to the appropriate government agency along with any required filing fees.
04
Notify all stakeholders, such as employees, customers, vendors, and creditors, about the dissolution of the company.
05
Settle any outstanding debts, taxes, and other financial obligations of the company.
06
Distribute the remaining assets among the shareholders or partners according to the agreed-upon terms.
07
File the final tax return for the company and dissolve any licenses or permits associated with the business.
08
Keep records of the dissolution process and retain them for future reference.

Who needs simplified non-judicial dissolution?

01
Small business owners who have decided to permanently close their company and want to dissolve it non-judicially.
02
Partnerships or limited liability companies (LLCs) that have fulfilled their purpose or reached the end of their agreed term.
03
Entrepreneurs who want a relatively straightforward and cost-effective method to dissolve their business without involving the court system.
04
Companies facing insolvency or significant financial difficulties, making non-judicial dissolution a more viable option.
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Simplified non-judicial dissolution is a quicker and simpler way to dissolve a company without going through the court system.
The company's directors or shareholders are required to file simplified non-judicial dissolution.
To fill out simplified non-judicial dissolution, the necessary forms must be completed and submitted to the relevant government authorities.
The purpose of simplified non-judicial dissolution is to officially close down a company's operations and legal entity.
Information such as the company's name, address, directors, shareholders, and reason for dissolution must be reported on simplified non-judicial dissolution.
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