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SocietyLIQUIDATION REPORT SOCIETIES ACT, section 143 Telephone: 1 877 5261526 www.gov.bc.ca/SocietiesMailing Address:PO Box 9431 STN Prov Govt Victoria BC V8W 9V3INSTRUCTIONS: Please complete the

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How to fill out dissolution by liquidation use

01

Identify the reasons for liquidation.

02

Prepare a resolution to dissolve the company.

03

Hold a meeting of shareholders or directors to approve the dissolution.

04

Notify creditors and settle any outstanding debts.

05

File dissolution documents with the appropriate government agency.

Who needs dissolution by liquidation use?

01

Companies that have decided to cease operations and wind up their affairs.

02

Companies that are insolvent and need to liquidate their assets to pay off creditors.

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What is dissolution by liquidation use?

Dissolution by liquidation use is the process of closing down a company by selling off its assets and distributing the proceeds to creditors and shareholders.

Who is required to file dissolution by liquidation use?

The company's board of directors or shareholders are typically required to file for dissolution by liquidation use.

How to fill out dissolution by liquidation use?

To fill out dissolution by liquidation use, the necessary forms must be completed and submitted to the appropriate government agency, along with any required documentation.

What is the purpose of dissolution by liquidation use?

The purpose of dissolution by liquidation use is to wind up the affairs of a company in an orderly manner and distribute its assets to creditors and shareholders.

What information must be reported on dissolution by liquidation use?

Information such as the company's financial statements, list of creditors, details of assets to be liquidated, and distribution plan must be reported on dissolution by liquidation use.

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