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Matter of Dissolution of 47th Road LLC, No. 705060/16, 2017 BL 49187 (Sup. Ct. Feb. 16, 2017), Court OpinionPagination * BL Majority Opinion SUPREME COURT OF NEW YORK, QUEENS COUNTY In the Matter
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01
Gather all necessary documents such as articles of dissolution, minutes of meetings, and financial records.
02
Consult with an attorney specializing in corporate law to ensure compliance with relevant legal requirements.
03
Prepare the matter of dissolution form, including providing details about the company, reason for dissolution, and proposed distribution of assets.
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Obtain necessary signatures from all relevant parties, including shareholders and directors.
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File the matter of dissolution form with the appropriate government agency or registrar.
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Pay any required fees and provide any additional supporting documents as requested.
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Notify all affected stakeholders, such as employees, clients, and creditors, about the dissolution.
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Liquidate the company's assets, settle outstanding debts, and distribute remaining funds according to the proposed distribution.
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Complete any required tax filings and notify tax authorities of the dissolution.
10
Cancel any licenses, permits, or registrations associated with the dissolved company.
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Maintain accurate records of the dissolution process for future reference.

Who needs matter of dissolution of?

01
Business owners who have decided to voluntarily dissolve their company.
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Companies facing financial difficulties or insolvency that need to legally wind up their affairs.
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Corporations, LLCs, or partnerships that have reached the end of their intended business lifespan.
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Companies undergoing mergers, acquisitions, or large changes in corporate structure.
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Individuals or entities looking to close down a subsidiary or branch office.
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Companies that have successfully achieved their intended purpose or objectives and no longer wish to continue operations.
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Shareholders or members of a company who have agreed to dissolve the entity.
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Matter of dissolution of refers to the legal process of officially ending a business entity.
The business owners or authorized representatives of the entity are required to file the matter of dissolution.
The matter of dissolution of is typically filled out by providing details about the business entity, its owners, and the reason for dissolution.
The purpose of matter of dissolution is to formally terminate the existence of a business entity and fulfill legal requirements.
Information such as the name of the business entity, its address, details of owners, and the reason for dissolution must be reported on the matter of dissolution.
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