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CSC/CD-531 (Rev. 02/13) MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS CORPORATIONS, SECURITIES & COMMERCIAL LICENSING BUREAU Date Received (FOR BUREAU USE ONLY) This document is effective
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How to fill out michigan domestic corporation dissolution

How to fill out Michigan domestic corporation dissolution:
01
Obtain the necessary forms: Visit the Michigan Department of Licensing and Regulatory Affairs (LARA) website or contact their office to obtain the appropriate dissolution forms for a domestic corporation.
02
Review the instructions: Read through the instructions carefully to understand the requirements and steps involved in completing the dissolution process. Ensure that you have all the required information and documents ready.
03
Provide corporation details: Fill out the forms with accurate information about the corporation, including its legal name, registered agent, principal office address, and date of incorporation.
04
Indicate reason for dissolution: Specify the reason for the dissolution, whether it is due to the business reaching its intended purpose, shareholder vote, or any other valid reason.
05
Resolve outstanding obligations: Before filing for dissolution, make sure that all pending taxes, fees, and debts are resolved. This includes filing the necessary tax forms and paying any outstanding amounts owed to the state or creditors.
06
Obtain required approvals: If the corporation has shareholders or directors, ensure that any required approvals or consents are obtained prior to filing the dissolution forms.
07
File the forms: Submit the completed dissolution forms, along with the applicable filing fee, to the LARA office either in person or by mail. Ensure that all forms are signed and dated properly.
08
Notify relevant parties: After filing the dissolution forms, it is important to notify various parties, such as the registered agent, directors, shareholders, and any other interested parties, about the corporation's dissolution. This can be done through written notices or by publishing the dissolution in a newspaper as required by Michigan law.
09
Close bank accounts and cancel licenses: Close the corporation's bank accounts and cancel any licenses or permits associated with the business.
10
Retain records: Keep copies of all dissolution documents, notices, and correspondence for your records.
Who needs Michigan domestic corporation dissolution:
01
Corporations ceasing operations: Michigan domestic corporations that have ceased conducting business and wish to officially dissolve their entity.
02
Corporations with completed purposes: Corporations with completed objectives or goals for which they were initially established might choose to dissolve.
03
Corporations with shareholder approval: If the corporation's shareholders have approved the dissolution, it becomes necessary to follow the legal procedure to dissolve the corporation properly.
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