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People also ask
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How do I file articles of dissolution in Indiana?
To dissolve your LLC in Indiana, submit one original and one copy of the Indiana Articles of Dissolution (Form 49465) to the Indiana Secretary of State (SOS) by mail or in person. Articles of Dissolution can be filed online if you pay using an IN.gov payment account or a MasterCard, Discover or Visa credit card.
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What happens when you dissolve a corp?
Corporate or LLC dissolution is an official filing with the state where your business was originally formed. The action will terminate the legal existence of your company — wherever it does business.
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Is dissolving a company the same as closing?
Dissolution, the act of formally dissolving (closing) a business entity with the state, involves far more than just ceasing to sell products and services.
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What are the steps in dissolving a company?
Failure to dissolve your business can also leave you open to forms of business fraud, such as business identity theft. Step 1: Get approval of the owners of the corporation or LLC. ... Step 2: File the Certificate of Dissolution with the state. ... Step 3: File federal, state, and local tax forms. ... Step 4: Wind up affairs.
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What is the process of dissolving a corporation?
Just as you would file articles of incorporation to start your corporate entity and to bring it into existence, you must also file articles of dissolution (also known as a certificate of dissolution) to notify the state that you are terminating or dissolving the corporation.
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What is the first step that must be taken in the dissolution of a corporation?
The first step that must be taken in the dissolution of a corporation is the vote of the board. When a corporation decides to dissolve, the board of directors typically votes on this decision. The vote may require a majority or supermajority, depending on the corporation's bylaws.
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What is the articles of dissolution?
These documents established your business as a separate legal entity. Business entities such as LLCs and corporations must pay annual taxes or fees or file annual reports in many states. Articles of dissolution are the reverse of organization or incorporation articles – they end your business entity's existence.
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How to notify the IRS of dissolution of a corporation?
—File Form 966 within 30 days after the resolution or plan is adopted to dissolve the corporation or liquidate any of its stock. If the resolution or plan is amended or supplemented after Form 966 is filed, file another Form 966 within 30 days after the amendment or supplement is adopted.
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