Form 4017-2025

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Alberta corporation Vote to dissolve the corporation. You and other shareholders or directors can vote if your corporation has stopped doing business and doesnt have any debts. Sell all property and pay all debts. Fill out the form. Other forms related to dissolution. Submit your forms.
You can prepare articles of dissolution by filling out a form on the state agencys website responsible for business filings in your state. In most states, thats the secretary of state.
Dissolution is the end of the legal existence of a corporation. It usually occurs after liquidation, which is the process of paying debts and distributing assets. There are several methods by which a corporation may be dissolved. The first is voluntary dissolution, which is an elective decision to dissolve the entity.
Step-by-Step Guide to Dissolution Step 1: Prepare for Dissolution. Step 2: Apply for Dissolution. Step 3: Submit the Application. Step 4: Notify Stakeholders. Step 5: Finalize Financial Obligations. Step 6: Cancel Business Licenses and Permits. Step 7: Close Bank Accounts. Step 8: Maintain Records.
The first is voluntary dissolution, which is an elective decision to dissolve the entity. A second is involuntary dissolution, which occurs upon the happening of statute-specific events such as a failure to pay taxes. Last, a corporation may be dissolved judicially, either by shareholder or creditor lawsuit.

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When a corporation dissolves, it generally must stop conducting all business, and liquidate its assets to pay off creditors and shareholders. When a corporations assets are liquidated they first must be used to pay off any outstanding debts the corporation owes, including those owed to shareholders.
Dissolution of a federal corporation After you have liquidated your corporations assets and discharged its other liabilities, you need to fill out and submit the Articles of Dissolution to Corporations Canada. If your corporation has shares, shareholders will need to approve the dissolution.

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