Get the free Statement of Dissolution - Minnesota Secretary Of State
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Office of the Minnesota Secretary of State Abandoned Name Affidavit Read the instructions before completing this form. Filing Fee: $55 for expedited service inperson, $35 if submitted by mail 1. Name
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How to fill out statement of dissolution
How to fill out statement of dissolution
01
Obtain the Statement of Dissolution form from your state's Secretary of State website or office.
02
Fill in the name of the business that is being dissolved.
03
Provide the business's identification number (if applicable).
04
Indicate the effective date of dissolution or mark if it is immediate.
05
State the reason for dissolution.
06
Include the names and addresses of the individuals authorized to wind up the company’s affairs.
07
Review the completed form for accuracy.
08
Sign and date the form.
09
Submit the form with any required filing fee to the appropriate state office.
Who needs statement of dissolution?
01
A Statement of Dissolution is needed by businesses that are ceasing operations, including corporations, LLCs, and partnerships wishing to formalize the end of their business entity and to protect its owners from future liabilities.
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What is statement of dissolution?
A statement of dissolution is a formal document that a business entity, such as a corporation or limited liability company (LLC), files to officially terminate its existence and dissolve its legal status.
Who is required to file statement of dissolution?
Typically, the owners, shareholders, or members of the business entity are required to file the statement of dissolution as part of the process to formally dissolve the business.
How to fill out statement of dissolution?
To fill out a statement of dissolution, the entity must provide information such as its name, the date of dissolution, the reason for dissolution, and any outstanding debts or obligations. The form must be completed accurately and submitted to the appropriate state authority.
What is the purpose of statement of dissolution?
The purpose of a statement of dissolution is to notify the state and the public that a business entity is ceasing operations and has terminated its legal existence, thus protecting it from future liabilities and obligations.
What information must be reported on statement of dissolution?
The information that must be reported typically includes the entity's name, the type of business, the effective date of dissolution, the signature of an authorized person, and details regarding any remaining assets or debts.
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