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What does administrative dissolution mean?

April 26, 2017administrative dissolution mean

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What does administrative dissolution mean?

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It means the corporation was administratively dissolved by the Secretary of State in accordance with Georgia law. Sometimes the corporation is not aware this has occurred.

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If a corporation does not fulfill specific duties as required by law a corporation may be administratively dissolved by the Secretary of State. The most common reason for being administratively dissolved is the failure to pay franchise tax. (A.C.A.