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Dissolution is the process where a solute in gaseous, liquid, or solid phase dissolves in a solvent to form a solution. Solubility. Solubility is the maximum concentration of a solute that can dissolve in a solvent at a given temperature. At the maximum concentration of solute, the solution is said to be saturated.
These terms are often used interchangeably, but have distinct legal meanings. Dissolution is the winding up of the affairs of the entity in advance of the termination of the entity. Termination of the entity occurs when the entity ceases to legally exist.
Dissolution of corporation refers to the closing of a corporate entity which can be a complex process. Ending a corporation becomes more complex with more owners and more assets.
Once debts are paid and property is properly disposed of an application to dissolve can be made online or the Dissolution Form can be completed and submitted to the Corporate Registry. Once the dissolution application is processed, the Corporate Registry issues a Certificate of Dissolution.
A document informing the secretary of state that your corporation will be dissolving.
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People also ask

Youll need to file articles of dissolution for your nonprofit, but before doing so you must send the Attorney General (AG) a written notice of your nonprofits intention to dissolve. The notice must include a copy or summary of your plan of dissolution.
Dissolving a company is a formal way of closing it. Dissolution refers to the process of striking off (removing) a company from the Companies House register. It can be the most straightforward way of shutting a company down once its directors have decided it should no longer trade.
When you dissolve a company, all debts owed must still be repaid. You must either repay the debts before commencing dissolution, or you choose a method of closing the company such as liquidation if you cannot repay them. Some directors consider dissolving a company with debt as a means of avoiding liquidation costs.
In most cases, a simple majority vote is sufficient to pass the resolution for corporate dissolution. The Board needs to develop a plan of dissolution once the shareholders approve the dissolution.
Dissolving a 501(c)(3) is the process of disbanding an organization and ending its non- profit status. Regardless of the reasons for dissolving its 501(c)(3) status, an organization must follow a series of steps with the state and the Internal Revenue Service (IRS) for the action to officially occur.

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