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Oregon Dissolution Package to Dissolve Corporation - Oregon 2025

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The document outlines the process for voluntary dissolution of a corporation in Oregon, detailing the necessary steps, requirements for filing articles of dissolution, and guidelines for notifying claimants. It specifies that a corporation can be dissolved by majority consent of incorporators or shareholders, and provides instructions on handling claims against the dissolved corporation. The document also includes various forms needed for the dissolution process.

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Are articles of dissolution filed with the Secretary of State to dissolve a corporation?

To complete your corporate dissolution or LLC dissolution, you must file the dissolution articles with the secretary of state or other state business filing agency. Exact procedures and fees vary from state to state, but you must file the form in person or by mail and pay a filing fee in most states.

How do you dissolve a corporation in Oregon?

Oregon Corporation Dissolution Step 1: The Corporate Resolution. The first step in dissolution is drafting the proper corporate resolution. Step 2: File Articles of Dissolution. Step 3: File Form 966. Step 4: Plan of Liquidation (Optional) Step 5: Notice (Optional)

How does a corporation complete its dissolution?

To comply with corporation formalities, the board of directors should draft and approve the resolution to dissolve. Shareholders then vote on the director-approved resolution. Both actions should be documented and placed in the corporate record book.

What is an administrative dissolution in Oregon?

Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entitys rights, powers and authority. Reinstatement is the action taken that restores an administratively dissolved business entitys rights, powers, and authority.

What are the three types of dissolution?

How long does a dissolution take? If the parties are in agreement with everything it can be a month or less. If there are children involved it often can be as fast as it takes you to complete the required Parent Education class so long as you both agree. Many co-petition cases can be completed in one day.

how to dissolve a corporation in oregon

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What happens after administrative dissolution?

Types of LLC Dissolution Dissolutions fall into three categories: judicial, administrative, and voluntary.