You must file articles of dissolution with the Oregon Secretary of State in order to dissolve your corporation in Oregon. The state of Oregon has a template that can be utilized for this purpose, and the articles of dissolution must be in the proper format. Mailing instructions for the completed articles of dissolution are as follows: Salem, OR 97310
Secretary of State Corporation Division
255 Capitol St. NE, Suite 151
What distinguishes cancellation from dissolution?
Even though the terms dissolution and cancellation are sometimes used interchangeably, they have different meanings. Cancellation is the process of cancelling a corporation’s registration with the state, whereas dissolution is the formal process of ending a corporation’s legal existence. When a corporation has not yet done any business or issued any shares, cancellation, which is a simpler procedure than dissolution, is utilized in Oregon.
Holding a meeting of the board of directors or the shareholders to authorize the dissolution is the first step that must be taken to dissolve a corporation in Oregon. The Oregon Secretary of State must receive the articles of dissolution once the decision to dissolve the corporation has been made. What Distinction Exists Between Termination and Dissolution?
Two more words that can be confusing are termination and dissolution. Dissolution only ends a corporation’s legal existence in the state where it was incorporated, whereas termination refers to the process of ending a corporation’s legal existence in all jurisdictions where it is registered to do business. Termination, in essence, is the last stage of dissolution and assures that the corporation is no longer recognized legally anyplace.
An individual or company authorised to accept service of process on behalf of a corporation is known as a registered agent in Oregon. The registered agent must be able to receive legal documents during regular business hours and have a physical address in Oregon. A person who lives in Oregon or a company that is permitted to conduct business there can serve as the registered agent.
In conclusion, it can be difficult to dissolve a corporation in Oregon, but if you follow the above instructions, you can make sure that everything goes as planned. It is essential to seek legal advice from a lawyer familiar with Oregon corporate law if you have any queries or worries about dissolving your corporation.
You can ask the Oregon Secretary of State’s office for a copy of your articles of incorporation if you need one. This can be accomplished by sending an online, in-person, or postal request. You must pay $10.00 to obtain a copy of your articles of incorporation. If your articles of incorporation were submitted after 1997, you can also get a copy of them from the Oregon Secretary of State’s website.
Your Oregon business identification number can be found on any correspondence you’ve received from the Secretary of State’s office of Oregon, as well as on the original paperwork you used to register your business. If you are having trouble finding it, you can contact the Business Registry Section of the Oregon Secretary of State’s office at (503) 986-2200, and they will help you find it.