Depending on the jurisdiction, a corporation may continue to exist as a legal entity for a different amount of time following the date of dissolution. A dissolved corporation often has a defined amount of time to close its doors, pay off its obligations, and distribute any residual assets to its shareholders. The length of this time, known as the “winding-up period,” varies depending on the jurisdiction and the complexity of the company’s activities and can be anywhere from a few months and many years.
The dissolved corporation continues to have a legal existence during the winding-up period and is still able to conduct its business as usual. The business may, for instance, sell its assets, settle its obligations, and then give its stockholders any proceeds. However, during this time the business is not permitted to start any new ventures or sign any new agreements.
No, after dissolving a corporation you cannot utilize a bank account. A corporation’s bank accounts are normally frozen after dissolution, making it impossible for the business to access its money. Any amount remaining after payment of any outstanding debts or liabilities may be applied by the Bank to such obligations and shall thereafter be disbursed to the shareholders of the Company.
You must get in touch with the relevant government office that manages corporate registrations in your area in order to download your certificate of incorporation. Typically, either the Secretary of State or Companies House will be responsible for this. Typically, you may download a copy of your certificate of incorporation from the agency’s website. You can also ask for a copy in person or by mail.
A corporation’s activities and management are subject to the rules and regulations set forth in the articles of association, a legal document. A copy of your company’s articles of association can typically be obtained by contacting the appropriate government body that regulates corporate registrations in your area. Typically, either the Secretary of State or Companies House will be responsible for this. Typically, you may get a copy of your articles of association from the agency’s website. You can also ask for a copy in person or by mail. You might need to get help from a lawyer if you can’t find a copy of your articles of association.