A corporation dissolves by filing Articles of Dissolution. The applicable Georgia Code sections are O.C.G.A….The articles of dissolution must state:
- The name of the corporation;
- The date on which the notice of intent to dissolve was filed and a statement that the notice has not been revoked;
How do I dissolve a nonprofit organization in Georgia?
A nonprofit corporation that has commenced activities may dissolve by filing a Notice of Intent to Dissolve pursuant to O.C.G.A. 14-3- 1404 and Articles of Dissolution pursuant to O.C.G.A. 14-3-1409. Form CD 525 and CD 530 may be used for this purpose.
How do you write a dissolution letter?
Basic Letter of Dissolution Elements
- The name of the recipient and the name of the person sending the letter.
- The purpose of the letter, including the relationship to be terminated and the date of termination, stated in the first paragraph.
How do I write a business dissolution letter?
Although the content will vary, certain elements should be included in every letter of dissolution. These include: The name of the recipient and the name of the person sending the letter. The purpose of the letter, including the relationship to be terminated and the date of termination, stated in the first paragraph.
How do I close a business in Georgia?
How do you dissolve a Georgia Limited Liability Company? To end a Georgia LLC, just file form CD-415, Certificate of Termination, with the Georgia Secretary of State, Corporations Division (SOS). The certificate of termination is available on the Georgia SOS website or your Northwest Registered Agent online account.
When to file Articles of dissolution in Georgia?
After you have finished winding up your corporation, including paying or discharging, or making adequate provision to pay or discharge, all known debts, liabilities, and obligations, you should file articles of dissolution with the SOS.
How does a corporation dissolve in the state of Georgia?
Your corporation is registered with the State of Georgia. Officially ending its existence as a state-registered business entity, and putting it beyond the reach of creditors and other claimants, begins with a formal process called “dissolution.”
How much does it cost to file an article of dissolution?
The filing fee for your articles of dissolution is $35, and you can pay using either a debit or credit card. If you want physical proof that your corporation has dissolved, you can request that the state issue a certificate of status. You are not legally required to have this document.
Can a corporation be dissolved by a court decree?
While a corporation may be involuntarily dissolved through a court decree, or for administrative reasons such as failing to file an annual registration or required state tax returns, this article covers voluntary dissolution by a corporation’s shareholders.
