Florida Non Profit Corporation Articles of Dissolution Wikiform
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People also ask
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Does Florida allow a corporation to revoke its articles of dissolution?
Yes, a Florida corporation can revoke its dissolution at any time before the expiration of 120 days following the effective date of the articles of dissolution. In addition, if the corporation was administratively dissolved, it may submit an electronic reinstatement application to the Florida Department of State.
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How long does it take to dissolve a corporation in Florida?
How long does it take the state to process the filing? Mailed articles of dissolution are processed in approximately one week. Online dissolutions are processed in two to four days.
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Can you sue a dissolved corporation in Florida?
Yes, in certain circumstances. You may be able to sue a dissolved corporation or a dissolved limited liability company for a period of time after dissolution, especially if it failed to wind up its business and dissolve properly.
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How do I file a revocation of dissolution in Florida?
A Certificate of Revocation of Dissolution must be filed within 120 days of the effective date of the dissolution. The revocation must be prepared in compliance with s. 620.1812, Florida Statutes. You must attach a copy of the Certificate of Dissolution to the revocation.
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What is the dissolution clause for a non profit organization?
A generic dissolution clause that meets the requirements under U.S. tax law would be: “Upon dissolution, the organization's remaining assets will be dedicated exclusively to charitable purposes.” A second common option is to incorporate an asset dedication clause: “The organization must apply its income and property ...
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Can you reinstate a voluntarily dissolved corporation in Florida?
A Corporation Reinstatement can be filed by mail, fax or online. Please note that if your FL corporation was voluntarily dissolved by its shareholders, you do not file for reinstatement. That is a different process, called Revocation of Dissolution.
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What is a letter of dissolution for a nonprofit?
If the leadership of the organization decides that winding down is the best option, the organization will need a “plan of dissolution.” A plan of dissolution is essentially a written description of how the nonprofit intends to distribute its remaining assets and address its remaining liabilities.
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What is the articles of dissolution?
Generally called articles of dissolution, it usually states the LLC's name, the date it was formed, the fact the LLC is dissolving, and the event triggering the dissolution. Upon the effective date of this document, the LLC is considered dissolved and must stop doing its regular business and start winding up.
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