When should a corporation using the simplified dissolution procedure file its Plan of Dissolution with the Attorney General=s Office?
A corporation doing a simplified dissolution should file its Plan of Dissolution with our office after it has already carried out such plan, satisfied any of its remaining debts, and prepared a final financial report indicating a zero balance. As opposed to the procedures for the dissolution of a corporation with assets, the Attorney General=s Office does not need to review or approve the Plan of Dissolution prior to its execution for the dissolution of a corporation with no assets. There need be no reference to carrying out the Plan of Dissolution in the Certificate of Dissolution if the dissolving corporation had no assets or liabilities when it adopted such plan.
