If you are the owner of a Delaware corporation, there may come a time when you need to dissolve Delaware corporation. This process can be fairly straightforward, but it is important to take the time to understand all of the steps involved. In this article, we will walk you through the entire dissolution process for a Delaware corporation.
How to Dissolve Delaware Corporation?
Dissolution is a process that can be accomplished in several ways. One way is to have the business close with an official dissolution. If a company isn’t profitable, this is a good option. Another alternative is to file a certificate of dissolution.Delaware Certificate of Dissolution: What is it?
Certificates of dissolution issued by the State of Delaware provide proof of when a corporation’s official dissolution was accomplished. It also shows the corporation’s name, the date of dissolution, the type of dissolution (e.g., liquidation, merger, etc.), and a statement of the final result of the corporation’s dissolution. The document is not filed in a state’s government office but is filed with the secretary of state.Steps to Dissolve Delaware Corporation
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Organize the Meeting of Corporation Stakeholders
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Get the Official Dissolution Document