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Deed of dissolution of partnership means discontinuing or winding up of the business under the name of a partnership firm. It basically involves the procedure of finally settling down all the liabilities by selling off assets and also by settling all the existing accounts with the partnership firm.
What is the articles of dissolution?
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.
What is an article of dissolution?
Generally called articles of dissolution, it usually states the LLCs name, the date it was formed, the fact the LLC is dissolving, and the event triggering the dissolution. Upon the effective date of this document, the LLC is considered dissolved and must stop doing its regular business and start winding up.
Do I need to file articles of dissolution?
If you dont file articles of dissolution when you close a company, the state will assume that you are still doing business and will continue to expect you to file reports and pay taxes and fees. If you dont, you can become liable for additional fines and penalties.
articles of dissolution template
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This form was prepared by the New York State Department of State for filing articles of dissolution for a domestic limited liability company. It does not
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