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How do I dissolve a Connecticut corporation?

General process The incorporator fills out the Certificate of Dissolution. This can be done online at Business.CT.gov. The incorporator must close all business tax accounts with Connecticuts Department of Revenue Services (DRS) As the final step, the incorporator needs to distribute shares to the shareholders.

When should I dissolve my corporation?

File the appropriate dissolution, surrender, or cancellation SOS form(s) within 12 months of filing your final tax return.

How do I file a Dissolution in CT?

To dissolve a Connecticut corporation, you just need to file a Certificate of Dissolution with the Connecticut Secretary of the State, Commercial Recording Division (SOTS). Connecticut has forms available for use but you can draft your own articles of dissolution as long as they contain the required information.

How do I dissolve a marriage in CT?

A marriage is dissolved only by (1) the death of one of the parties or (2) a decree of annulment or dissolution of marriage by a court of competent jurisdiction. Conn. Gen. Stat. 46b-40(a) (2021).

How can a corporation be voluntarily dissolved?

(a) Any corporation may elect voluntarily to wind up and dissolve (1) by approval of a majority of all members (Section 12223) or (2) by approval of the board and approval of the members (Section 12224).

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What happens to a corporation when it dissolves?

Winding up involves the settling of accounts (e.g., returning debts to creditors), liquidation of corporate assets, and addressing any needs to allow the business to close. Corporations that have dissolved are generally prohibited from conducting any type of business except for winding up its affairs.

How do I clear my CT record?

You may apply to the Pardons Board for an Absolute Pardon, which is an absolute erasure of your criminal record, THREE (3) YEARS after the date of disposition of your most recent MISDEMEANOR conviction and FIVE (5) YEARS after the date of disposition of your most recent FELONY conviction.

How long does an insurance company have to settle a claim in Connecticut?

Insurance companies in Connecticut do not have a specific amount of time in which they must settle an insurance claim. Instead, state law requires them to settle claims with reasonable promptness.

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